Big data: a game changer for insurance industry
Big data - unstructured and/or structured data being used to influence underwriting, rating, pricing, forms, marketing and claims handling and incentivize risk reduction - is a relatively recent development in the insurance industry, the data sets previously being too impossibly great to analyse thr...
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| Other Authors: | , , , , |
|---|---|
| Format: | eBook |
| Language: | English |
| Published: |
Bingley, U.K.
Emerald Publishing Limited
2022
|
| Series: | Emerald studies in finance, insurance, and risk management
6 |
| Links: | https://doi.org/10.1108/9781802626056 |
| Summary: | Big data - unstructured and/or structured data being used to influence underwriting, rating, pricing, forms, marketing and claims handling and incentivize risk reduction - is a relatively recent development in the insurance industry, the data sets previously being too impossibly great to analyse through traditional methods. However, with the global capacity to collect and store data growing alongside advancements in AI and machine learning technology, insurers need to seriously evaluate their technology stacks to ensure they can remain competitive and respond to growing customer demand. Striking a balance between the technical characteristics of the subject and the practical aspects of decision making, spanning from fraud analytics in claims management, to customer analytics, to risk analytics in solvency, the comprehensive coverage presented makes Big Data an invaluable resource for any insurance professional. Providing high quality academic research, Emerald Studies in Finance, Insurance, and Risk Management provides a platform for authors to explore, analyse and discuss current and new financial models and theories, and engage with innovative research on an international scale. Subjects of interest may include banking, accounting, auditing, compliance, sustainability, behaviour, management, and business economics. |
| Physical Description: | 1 Online-Ressource (448 Seiten) |
| ISBN: | 9781802626070 |
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| spelling | Big data a game changer for insurance industry edited by Kiran Sood (Chitkara Business School, Chitkara University, Punjab, India), Rajesh Kumar Dhanaraj (Galgotias University, India), Balamurugan Balusamy (Galgotias University, India), Simon Grima (University of Malta, USA), and R. Uma Maheshwari (Hindustan Institute of Technology, India) Bingley, U.K. Emerald Publishing Limited 2022 ©2022 1 Online-Ressource (448 Seiten) txt c cr Emerald studies in finance, insurance, and risk management 6 Big data - unstructured and/or structured data being used to influence underwriting, rating, pricing, forms, marketing and claims handling and incentivize risk reduction - is a relatively recent development in the insurance industry, the data sets previously being too impossibly great to analyse through traditional methods. However, with the global capacity to collect and store data growing alongside advancements in AI and machine learning technology, insurers need to seriously evaluate their technology stacks to ensure they can remain competitive and respond to growing customer demand. Striking a balance between the technical characteristics of the subject and the practical aspects of decision making, spanning from fraud analytics in claims management, to customer analytics, to risk analytics in solvency, the comprehensive coverage presented makes Big Data an invaluable resource for any insurance professional. Providing high quality academic research, Emerald Studies in Finance, Insurance, and Risk Management provides a platform for authors to explore, analyse and discuss current and new financial models and theories, and engage with innovative research on an international scale. Subjects of interest may include banking, accounting, auditing, compliance, sustainability, behaviour, management, and business economics. Balusamy, Balamurugan Dhanaraj, Rajesh Kumar Grima, Simon Maheshwari, R. Uma Sood, Kiran Erscheint auch als Druck-Ausgabe 9781802626056 Erscheint auch als Druck-Ausgabe 9781802626063 |
| spellingShingle | Big data a game changer for insurance industry |
| title | Big data a game changer for insurance industry |
| title_auth | Big data a game changer for insurance industry |
| title_exact_search | Big data a game changer for insurance industry |
| title_full | Big data a game changer for insurance industry edited by Kiran Sood (Chitkara Business School, Chitkara University, Punjab, India), Rajesh Kumar Dhanaraj (Galgotias University, India), Balamurugan Balusamy (Galgotias University, India), Simon Grima (University of Malta, USA), and R. Uma Maheshwari (Hindustan Institute of Technology, India) |
| title_fullStr | Big data a game changer for insurance industry edited by Kiran Sood (Chitkara Business School, Chitkara University, Punjab, India), Rajesh Kumar Dhanaraj (Galgotias University, India), Balamurugan Balusamy (Galgotias University, India), Simon Grima (University of Malta, USA), and R. Uma Maheshwari (Hindustan Institute of Technology, India) |
| title_full_unstemmed | Big data a game changer for insurance industry edited by Kiran Sood (Chitkara Business School, Chitkara University, Punjab, India), Rajesh Kumar Dhanaraj (Galgotias University, India), Balamurugan Balusamy (Galgotias University, India), Simon Grima (University of Malta, USA), and R. Uma Maheshwari (Hindustan Institute of Technology, India) |
| title_short | Big data |
| title_sort | big data a game changer for insurance industry |
| title_sub | a game changer for insurance industry |
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