As an industry that works on the principles of data analysis, the insurance field is a game of big data. With the rising capabilities of data in the industry, incumbents are racing the limits of leveraging data accurately with better measures and competence. Since the stakes are high on the importance of insurance data analytics today to decide the leaders of the competition, … [Read more...] about Efficient Ways to Process Insurance Data Analytics through InsurTech
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Blockchain Technology Could Disrupt The Insurance Industry
As technology advances, traditional financial assets like insurance policies will have to change if they want to compete in our world. Other financial sectors have embraced blockchain technology and cryptocurrencies while insurance lags behind ” leaving the industry saddled with expensive, inefficient processes. Customers and clients in the insurance world want to know how … [Read more...] about Blockchain Technology Could Disrupt The Insurance Industry
Improving Data Quality for the Insurance Industry Why and How
How does an insurance company determine who is and who isn't eligible for a policy? How do they decide on the premium that must be paid? How do they know which claims should be settled and which are fraudulent? The answers to all these questions can be unlocked using data. As we all know, insurance is a customer centric industry and highly dependent on data. It would be fair to … [Read more...] about Improving Data Quality for the Insurance Industry Why and How
Technology Driven Insurance Data Analytics
The nature of the Insurance industry being data-centric, insurers abide by the policy of keeping data as a treasure for their respective growth. This data can only be turned into a gold mine of Insurance Data Analytics by in-depth analysis of other engagement areas of the customer and the insurer depending upon the kind of insurance one prefers. For example, when a car … [Read more...] about Technology Driven Insurance Data Analytics
2nd Insurance Analytics & AI Innovation Asia Pacific 2020
It is my greatest pleasure, on behalf of the Organizing Committee to welcome you to attend the 2nd Insurance Analytics and AI Innovation Asia Pacific 2020 (Insurance Analytics APAC 2020), to be held on June 22-23, in HK. It is estimated that global insurer IT spending has reached USD 220 billion in 2019 and 8-10% (USD 18-22 billion) has been outlaid on data and analytics. … [Read more...] about 2nd Insurance Analytics & AI Innovation Asia Pacific 2020
