Enriching Data for Underwriting and Claims –
Strategically Thinking About the Fourth Industrial Revolution

Enriching Data for Underwriting and Claims –
Strategically Thinking About the Fourth Industrial Revolution

Last month at the World Economic Forum in Davos, Switzerland, the topic of the Fourth Industrial Revolution was on everyone’s mind.  In short, the Fourth Revolution is about changing technologies that will change the world, and how our jobs will change.

The disruptive technologies is at the core of the revolution and is driving companies and business to change.  For example, artificial intelligence, 3D printing, and nanotechnologies are allowing us to do things which have never been possible, until now.  If your company is not keeping pace with the times; moreover, in the insurance marketplace, you are going to be left behind.  Now is the time to realize and unlock opportunities for success in big data, and advanced analytics with data enrichment.

How do you make the most of the data in your business?  The best practice is to start with the proper advanced analytics platform for your claims and underwriting process.  However, before you realize the power of advanced analytics, or next-generation analytics, you must first marshal your data into a clear and cohesive process.  Data enrichment can increase the power of your analytics, and provide more meaningful answers in claims and underwriting analysis.

Where do you start?

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