Market Research Report
Big Data in Insurance - Thematic Research
|Published by||GlobalData||Product code||669406|
|Published||Content info||36 Pages
Delivery time: 1-2 business days
|Big Data in Insurance - Thematic Research|
|Published: June 27, 2018||Content info: 36 Pages||
Insurance is a highly data-intensive industry, making it extremely important for insurers to manage large volumes of data from both traditional and non-traditional sources. As a result, many insurers are spending significant amounts on building Big Data capabilities, finding that Big Data analytics can have an impact on nearly all insurance processes, from product development to claims management. The objective should be to identify areas where Big Data can make a difference and create value for both insurers and the insured. Technology vendors are also aware of Big Data's ability to deliver business insights. Simplification, cost reduction and revenue growth are the three key drivers behind Big Data's adoption in the insurance industry.