Role of Big Data Analytics in Insurance

Insight categories: AI and MLFinancial Services

Data in the insurance industry is increasing exponentially, with a 90% increase in the last two years. This big data cannot be managed efficiently using old technologies but requires next-generation solutions.

How can the insurance industry work with big data to price policies, settle claims, analyze customer behavior, detect fraud, and map threats? Learn about big data’s 3 V’s, big data analysis and its benefits, and how to work with unstructured data. Then, examine some big data use cases in the insurance sector.

Authors

Role-of-Big-Data-Analytics-in-an-insurance-industry

Author

Dr. Param Jeet

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Role-of-Big-Data-Analytics-in-an-insurance-industry

Author

Subodh Kant Pandey

Senior Consultant

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Top Authors

Ravikrishna Yallapragada

Ravikrishna Yallapragada

AVP, Engineering

Christina Gurgu

Christina Gurgu

Director, Client Engagement

Cosmin Stirbu

Cosmin Stirbu

Competency Center Manager, Engineering

Andrei Margineanu

Andrei Margineanu

Associate Vice President

Alexandra Groza

Alexandra Groza

Lead Specialist, Marketing

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