Category: Analytics

31

Aug

5 Areas in the Insurance Industry where Big Data can make a huge Impact!

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Analytics|Big Data Testing

Posted on : 6:06 pm on 31/08/2016

Providing new insights into various industries, Big Data is no longer confined to just being a technology and rather is becoming a business enabler. The insights gleaned from Big Data are playing an integral part in providing solutions to the longstanding challenges of the insurance industry. Insurance firms undergo a process of evaluating risks of insuring a person and consequently setting up the premium for the policy. They hold great quantities of data that helps them get acquainted with the existing customers and reach new customers as well. While the industry has made immense progress by analyzing and capturing structured

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