The evolution of analytics and machine learning are shaping the industry’s future, mitigating risk, improving business, and helping develop types of policies that individuals and businesses need, even before they know they do.
Success, failure, and change in the insurance business have always been largely data-determined. But today is different. The proliferation of big data and the advent of advanced analytics and machine learning are changing the game entirely. The winners are those that can access the most relevant data, analyze it in new and unique ways, and apply it at the right time and place, all at extraordinary speed.
Author: Patti Griffin