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Beinsure — Insurance, InsurTech & Crypto Insights
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Big Data

11 posts

Big Data is a massive amount of data sets that cannot be stored, processed, or analyzed using traditional tools.

Today, there are millions of data sources that generate data at a very rapid rate. These data sources are present across the world. Some of the largest sources of data are social media platforms and networks. Let’s use Facebook as an example—it generates more than 500 terabytes of data every day. This data includes pictures, videos, messages, and more.

Data also exists in different formats, like structured data, semi-structured data, and unstructured data. For example, in a regular Excel sheet, data is classified as structured data—with a definite format. In contrast, emails fall under semi-structured, and your pictures and videos fall under unstructured data. All this data combined makes up Big Data.

Big Data usage in Insurance Industry

In the insurance sector, big data helps brokers to analyze trends &…
  • 15.08.2022

What is Text mining for Big Data?

Text mining in Big Data. With text mining technology, you can analyze…
  • 15.08.2022

What is difference between database and big data?

Traditional database system deals with structured data. Big data system deals with…
  • 15.08.2022

Big Data Architecture and the Place of Big Data Databases in It

Big data architecture may include the following components: Data sources, Big data…
  • 15.08.2022

What type of database is used for big data?

Big data databases store petabytes of unstructured, semi-structured and structured data without…
  • 15.08.2022
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2022 Was Rough for Many US Auto, Property and Casualty Insurers

2022 Was Rough for Many US Auto, Property and Casualty Insurers

The US P&C industry recorded a net underwriting loss of $26.5 billion in 2022, worsening by $21.5 billion from the previous year
Global Insured & Economic Losses from Natural Catastrophes Outlook

Global Insured & Economic Losses from Natural Catastrophes Outlook

Natural disasters resulted in global economic losses of USD 275 billion, of which USD 125 billion were covered by insurance
Global Insurance Sector Outlook' 2023

Global Insurance Sector Outlook’ 2023: Insurers’ Growth and M&A Deals

Insurers received a boost from hardening property-casualty rates, but the growth outlook for the insurance sector in the 2023 year appears to be a mixed bag
Belgian & Dutch Insurers’ Investments Should be Resilient to Credit Risks

Belgian & Dutch Insurers’ Investments Should be Resilient to Credit Risks

Belgian and Dutch insurers’ conservative investment portfolios should be resilient to rising credit risks amid weakening economic conditions and tightening monetary policy

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