Insurance companies will invest more in analitics within the next three to five years

According to the latest study by Bain & Company that collects information from 90 insurance companies worldwide, between 24% and 27% of insurers plan to invest in the next few years in advanced data analytics. The report offers an overview of how insurance companies can invest on Big Data to make a better decision and
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Why is Big Data important for insurance industry?

The interest of insurance sector for analytics and big data started in the automotive insurance market, which plays a big role in US property and casualty business (P/C). Instead of price policies based on variables like age of the driver, zip code, gender, etc. companies started to use analytics to target their potential clients more
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How Big Data Is Changing Insurance Forever

Big Data is revolutionizing the way people make business and the insurance sector has not escaped from this “trend”. We took this article from Forbes, explaining how predictive analysis will make big changes on insurance, based on the recent development of methods to measure and classify data from costumers. You can read the full In
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