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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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