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Big data is revolutionizing the insurance industry

Car insurance companies use obsolete customer demographic profiles in order to create rates and premiums. According to a report, big data allows car insurance companies to use complex data analytics to examine millions of customers at once, which results in providing accurate data and real-time correlations between driver behaviors and demographics. Big Data is also preventing fraud, policy profiling. In short, big data is revolutionizing the insurance industry. Read more at:  http://it.toolbox.com/blogs/accessible-bi/big-datas-impact-on-insurance-70027

 

 

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