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Beinsure — Insurance, InsurTech & Crypto Insights
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Big Data

3 posts

Big Data is a collection of data that is huge in volume, yet growing exponentially with time. It is a data with so large size and complexity that none of traditional data management tools can store it or process it efficiently. Big data is also a data but with huge size.
Forward-thinking businesses are using some of the latest Big Data technologies and applications mentioned to spur growth. These apps facilitate the analysis of colossal amounts of real-time data.

The analyses help to minimize the chances of failure of the business through predictive modeling & several other sophisticated analytics. After learning what big data technology is, you may also need to know cloud based big data technologies. Fundamentally, they are the on-demand computer system resources, particularly for data storage and processing. Usually, the technologies operate without interference by the user.

Big Data in Insurance. Role & Uses of Big Data Technology in Insurance Industry

Big Data in Insurance. The Use of Big Data Technology in Insurance Industry

The implementation of big data results in 30% better access to insurance services, 40-70% cost savings, and 60% higher fraud detection rates
New Technology Trends by Insurance Sector: Data & AI & Machine learning

9 New Technology Trends by Insurance Sector: Big Data, AI & Machine learning

Now that artificial intelligence, analytics and imaging technologies are being applied in the insurance sector, we are seeing more and more new TECH

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
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  • New estimate of the insured loss from Earthquake in Türkiye & Syria by PERILS

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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