Tag: Roles of BI in Insurance


How Data Automation Will Impact the Insurance Industry

Data automation is having a big impact across all industries. Manufacturers are using Big Data to help improve their yields, the pharmaceutical industry is using big data to increase productivity and businesses are using data automation to help with things such as automated ordering and client analytics. It shouldn’t be at all surprising that the insurance industry stans to benefit from data automation, as well. Tangible impact Experts believe there are several key ways in which data automation will impact the insurance industry. First, the use of technology can help with things......

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The most important asset to ensure survival and success in today’s marketplace is data. Business Intelligence converts this raw data into actionable information. The internet, deregulation, increased competition, consolidation and convergence of insurance services with other financial services have changed the structure of the insurance industry. This has greatly increased the need to implement business intelligence tools within insurance companies. BI refers to collecting, analyzing, presenting and disseminating business data. In an insurance company, this would be data sourced from Sales, Claims, Marketing and Premiums etc. BI tools ensure that data from......

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