Insurer Begins Accepting Cryptocurrency For Premium Payments

Michigan-based Universal Fire & Casualty Insurance Co. has began accepting cryptocurrency for premium payments. "UFCIC is uniquely propelling itself forward as a multi-line, multi-solution insurer by embracing innovative technologies, extremely-responsive distribution options and buyer service portals, one of a kind solution positioning, and sophisticated analytics leveraging predictive models, artificial intelligence and Big Data resources," Timm mentioned. UFCIC mentioned it is accepting a selection of cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, for premium payments for direct on the web license and permit bonds and other surety bond merchandise. Tesla had been accepting Bitcoin for vehicle purchases but stopped, promising to resume when cryptocurrency miners attain 50% clean energy usage. "Early in the development of UFCIC’s innovation strategy it became evident that the use of crypto for mainstream customer insurance coverage transactions was not a matter of if, but when," John Lucker, the company’s chief tactic and analytics officer, stated. While demand is increasing, a lot of monetary firms nevertheless see cryptocurrency as risky and handful of insurers are prepared to underwrite the risks. Fans of the sports teams Dallas Mavericks and Miami Dolphins can use bitcoin to purchase tickets and concessions, according to BuyBitcoin. In May, pay-per-mile auto insurer Metromile announced that it would let customers use bitcoins to invest in insurance or obtain payments for claims, beginning later this year. The payments firm PayPal and a quantity of key retailers like Microsoft, Home Depot, Starbucks and Whole Foods accept Bitcoin. The organization, which insures small businesses and delivers surety bonds items, says the move is to increase its competitive market position as aspect of a broader innovation plan. The business claims its payment procedure is seamless through its portal with the monetary exchange handled by UFCIC’s payment processor. The insurer isn’t the only insurance coverage company letting shoppers use Bitcoin to acquire insurance.

Google Scholar5. 61, no. 6, pp. If you have any inquiries relating to where by and how to use browse around this site, you can contact us at the web site. X. Lin, R. Lu, and X. Shen, "Location-Release Signature for Vehicular Communications," in Proceedings of the 2009 Proceedings of 18th International Conference on Laptop Communications and Networks - ICCCN 2009, pp. 15, no. 1, pp.

In Fig. 2 the USD close price tag movements are shown. 324 unique settings are tested considering that five hyper-parameters are optimized. The deep Q-mastering portfolio management framework is based on 3 different deep Q-learning methods as neighborhood agent. In addition, DQN is considered as the only deep Q-finding out technique utilized for hyper-parameter tuning. For this reason, the neural network architecture is not involved in the optimization. Percentage historical every day returns and volatility, skewness and kurtosis are reported in Table 1. All statistical indicators are computed more than the entire period. Table 2 summarizes selected hyper-parameters and connected domains. Three distinct validation periods are randomly sampled from the information and as a result the training set is constructed. Reinforcement studying and deep understanding algorithms frequently call for careful tuning of model hyper-parameters, regularization terms and optimization parameters. Two separate optimizations are performed. Deep Q-understanding approaches have distinct hyper-parameters that can be tuned in order to raise overall performance and superior fit the challenge. This task demands a big quantity of computational time.

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