Big data refers to extremely large datasets derived from many different kinds of sources: customer behaviour, financial transactions, social media, and even wearable devices. For the insurers, it can be very valuable to garner nuggets of knowledge about risk, preference, and behavior. Some of the most prominent areas of the insurance business are being transformed by big data:Big data refers to extremely large datasets derived from many different kinds of sources: customer behaviour, financial transactions, social media, and even wearable devices. For the insurers, it can be very valuable to garner nuggets of knowledge about risk, preference, and behavior. Some of the most prominent areas of the insurance business are being transformed by big data:
Big data refers to extremely large datasets derived from many different kinds of sources: customer behaviour, financial transactions, social media, and even wearable devices. For the insurers, it can be very valuable to garner nuggets of knowledge about risk, preference, and behavior. Some of the most prominent areas of the insurance business are being transformed by big data: