Effective Use of Customer Data Can Help Insurers Reduce Explosure Risks
Data can help insurers to reduce their exposure to risk and create more satisfactory experiences for customers
Big Data analytics
Big data analytics is the use of advanced analytic techniques against very large, diverse data sets that include structured, semi-structured and unstructured data, from different sources, and in different sizes from terabytes to zettabytes.
Big data analytics helps businesses to get insights from today’s huge data resources. People, organizations, and machines now produce massive amounts of data. Social media, cloud applications, and machine sensor data are just some examples.
There are four main types of big data analytics: diagnostic, descriptive, prescriptive, and predictive analytics.
Big Data analytics is a process used to extract meaningful insights, such as hidden patterns, unknown correlations, market trends, and customer preferences. Big Data analytics provides various advantages—it can be used for better decision making, preventing fraudulent activities, among other things.
Big Data in Insurance. Use Cases of Data Analytics Technology
BigData technology in insurance. Beinsure has collected the opinions of experts for use cases Data Analytics Technology for insurers
AI Technology & Data Analytics Will Help Insurers Refine Insurance Market
As the insurance industry continues to navigate the pace of change, complexity and uncertainty in our world, consumers continue to respond companies to be more responsive
How Big Data analytics works & why it matters?
Big data analytics refers to the methods, tools, and applications used to collect, process, and derive insights from varied, high-volume, high-velocity data sets
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
Hurricane Helene’s recent destruction underscores the rising flood risk impacting local economies and tax bases in the Eastern and Southern United States
Changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority strengthen Australian general insurers’ credit profiles
European insurers' ratings will remain unaffected by the proposed capital surcharges on fossil fuel-related assets, according to EIOPA