64 Million Insurance Scenarios on a Quantum Computer

December 7, 2023 at 3:30 pm
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Guidewire and BlueQubit have formed a partnership to apply quantum computing to the insurance sector’s Capital Reserve challenge, focusing on the simulation of 65 million potential scenarios. By utilizing BlueQubit’s quantum machine learning tools and the computational power of AWS Braket, they have conducted simulations on a 41-qubit system. This collaboration aims to improve the accuracy of value-at-risk calculations for homeowners insurance, demonstrating a practical use of quantum technology in financial modeling.
Lewis Guignard, Director of Data Science Solutions, Guidewire
Hrant Gharibyan, CEO & Co founder, BlueQubit
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Event Series Event Series: Optimization Case Studies

64 Million Insurance Scenarios on a Quantum Computer

December 7, 2023 @ 3:30 pm - 3:50 pm

Featured Speaker(s):

Guidewire and BlueQubit have formed a partnership to apply quantum computing to the insurance sector’s Capital Reserve challenge, focusing on the simulation of 65 million potential scenarios. By utilizing BlueQubit’s quantum machine learning tools and the computational power of AWS Braket, they have conducted simulations on a 41-qubit system. This collaboration aims to improve the accuracy of value-at-risk calculations for homeowners insurance, demonstrating a practical use of quantum technology in financial modeling.


Lewis Guignard, Director of Data Science Solutions, Guidewire


Hrant Gharibyan, CEO & Co founder, BlueQubit

Details

Date:
December 7, 2023
Time:
3:30 pm - 3:50 pm
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Venue

Ballroom G

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