How Data Analytics Is Changing The Insurance Industry

Posted Leave a commentPosted in Analytics, Big Data, data, data analytics, insurance, insurance industry, SmartData Collective Exclusive, Web Analytics

The insurance industry is based on the idea of managing risk. To determine this risk, the industry must consult data and see what trends are evident to draft their risk profiles. The journal Risk Management and Insurance Review mentions that historically, in the latter half of the twentieth century, the analysis of trends was the […]

Here’s How Blockchain Can Change Bancassurance

Posted Leave a commentPosted in bancassurance, banking, Blockchain, crypotcurrency, Fintech, insurance, insurance industry, SmartData Collective Exclusive, the blockchain

Whether it is identity authentication, increasing the speed of cross-border payments, supply chain optimization or transportation logistics, blockchain technology has been providing solutions to a variety of industries. Blockchain can also become the answer to the problems encountered by bancassurance. The Issues Bancassurance Faces Now, and How Blockchain Can Help First of all, bancassurance is […]

7 Ways Big Data Is Essential For Life Insurance Settlements

Posted Leave a commentPosted in Big Data, insurance, life insurance, SmartData Collective Exclusive

The life insurance industry will soon undergo a dramatic transformation in response to advances in big data. A growing number of digital startups are starting to emphasize the impact of big data in this antiquated business. A number of insurance executives have been reluctant to embrace the changes of big data. One study found that […]

Why Data Analytics In The Insurance Industry Is A Major Game Changer

Posted Leave a commentPosted in Analytics, Big Data, data analytics, insurance, SmartData Collective Exclusive

Technology has had a profound impact on the insurance industry. Insurers are relying heavily on big data as the number of insurance policyholders also grow. Big data analytics can help solve a lot of data issues that insurance companies face, but the process is a bit daunting. It can be challenging for insurance companies who […]