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The Insurance Industry and Big Data

Eric D. Brown

How would you feel if you got a letter in the mail from your insurance company telling you that your insurance rates have increased due to your social media activity? most of us would be a bit upset at the lack of privacy but the other two examples we’d be happy that companies were using social media to cut costs.

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How Data Science Helps Insurance Companies Manage Losses and Protect Customers

Dataconomy

Big data, specifically with the help of artificial intelligence (AI), empowers insurance companies to make better financial decisions. Data science can help mitigate fraudulent claims, enhance risk management, optimize customer support, and predict future events, among many other benefits.

Insiders

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Nearmap’s Aerial Image Data and AI Is Streamlining How Insurers Can Rate and Price Risk in Australia

Tech Republic Big Data

Aerial image and data intelligence firm Nearmap’s recent acquisition of Betterview will allow the company to make insurance decisions faster and speed up claims during natural disasters.

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Cybersecurity insurance company Coalition raises $175M to secure the modern enterprise

Venture Beast

Coalition, an enterprise-grade cybersecurity platform that specializes in insurance, has raised $175 million in a round of funding. Read More.

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Clearing up Lingering Confusion Around What Big Data Really Is

CTOvision

Big data is a buzz term in many industries, but many people still do not understand the concept of it. Data analysis tools can benefit any company, and new tools are being invented every year. The tools are designed for specific industries, and a company's staff may need specialized training. Raw Materials Data.

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3 Ways To Actually Make Big Data Work For Your Business

CTOvision

Big Data is a big business opportunity thanks to its transformative and disruptive nature. Every business, regardless of size, should understand the significant potential of big data if it has any goal of staying ahead of the competition in a world where the market is constantly changing. Brigg Patten.

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Tractable uses computer vision to accelerate insurance claims

Venture Beast

Tractable's AI performs a real-time analysis that helps insurance companies quickly decide whether a car can be fixed. Read More.

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