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Quantum Computing and Insurance: Overview and Potential Players

Published: January 2018

Non-Client Price: $750

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Summary

While artificial intelligence is poised to have significant impact on the insurance industry, the technology is still limited by barriers imposed by classic binary computing. Quantum computing addresses these concerns but will also have a profound effect on the fundamentals underlying data usage and protection, risk modeling, and the nature of insurance core systems.

The following report provides an overview of the definitions of quantum, potential areas of impact, and current players in the space. It begins with a comparative overview of classical binary and quantum qubit computing, moves on to address several potential areas of impact for insurers, and then culminates in a discussion of potential players actively developing solutions in the space.

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TABLE OF CONTENTS

Introduction………….2
What Is Quantum?………….3
Binary Computation………….3
Quantum Superposition………….3
Photon Teleportation………….3
Implications and Use Cases………….4
Data Security………….4
Data Transfer………….4
Core Systems………….4
Risk Modeling………….5
Select Companies Researching Quantum………….5
Concluding Thoughts………….6