March 03, 2021 Did You Know?

Insurtech Concepts: Big Data

By Christine Spinella Davis

This article is the second in a series discussing insurtech and its impact on commercial and personal insurance programs and risk management analysis. We previously discussed how insurtech consists of technology-enabled innovations and disruptions in all aspects of the insurance value chain – including marketing, distribution, product design, underwriting, claims, and balance-sheet management. This piece focuses on the field known as “big data.” This article describes what big data is and its impact on the insurance industry and consumers.

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