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Using Data To Illuminate The Intentionally Opaque Insurance Industry

Data Engineering Podcast

Summary The insurance industry is notoriously opaque and hard to navigate. Your host is Tobias Macey and today I'm interviewing Max Cho about the wild world of insurance companies and the challenges of collecting quality data for this opaque industry Interview Introduction How did you get involved in the area of data management?

Insurance 162
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Revolutionizing Insurance: Optimize Your Claims Process to Drive Customer Satisfaction and Retention

Precisely

Key Takeaways: Insurers provide better customer experiences with claims processes that are simple, fast, empathetic, and deliver proactive communication throughout. For most people, insurance is a safety net that remains out of mind until it becomes necessary – typically when an incident occurs and they’re filing a claim.

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Insurance Organizations Depend on the Quality of Their Data

Precisely

Insurance is an inherently data-driven industry. Insurance carriers have far more powerful tools at their disposal than in the past, enabling them to more accurately profile their customers, evaluate risk, and drive new business. Nearly a quarter rated their company’s performance as superior to that of other insurers.

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How Modern Data Technologies Are Remaking the Art of Insurance Underwriting

Snowflake

The insurance industry has always been driven by data. Today, insurance underwriters are under the gun to use new data technologies to shift from hindsight-dependent to future-ready processes. These technologies are unproven and imply risk, but should we be concerned? Valued at a modest $5.45

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Combating Fraud in Insurance with Data

Cloudera

The insurance industry has a long and intimate relationship with fraud in many different ways. Insurance fraud can take place at a process or business function level, most notably in claims or underwriting. The different venues to commit fraud against an insurer are mind-boggling, with serious financial consequences.

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Express Cloudera POV on 2021 data trends in insurance

Cloudera

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

Insurance 105
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Refine Risk Assessment in Insurance with Profitable Underwriting

Precisely

The world’s most innovative insurance companies are using dynamic weather data to help them better understand the risk assessment in insurance they may face in coming years as a result of uncertainty about the climate. But how can insurers make confident business decisions based on data that they can fully trust?