Data Science Use Cases in Insurance Industry

GEETHU MARIA MATHEW | January 17, 2020

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Insurance companies are now rapidly undergoing a digital transformation. With digitization, a wider range of information is available to the insurers. Data science helps insurance companies to put these data to efficient use to drive more business and refine their product offerings. Data science can enable insurers to develop effective strategies to acquire new customers, develop personalized products, analyze risks, assist underwriters, implement fraud detection systems, and much more. Below are some detailed data science use cases that explain how the insurance industry is using data science to grow their business.

Spotlight

Thomas Carroll Group plc

With over 40 years’ experience in the industry, Thomas Carroll Group plc is one of the UK’s leading independent providers of business insurance and personal insurance broking, financial management, health & safety and employment law consultancy. In recent years we have moved closer to our clients, opening local offices in Swansea, Haverfordwest and Hereford in addition to our Caerphilly headquarters near Cardiff.

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Spotlight

Thomas Carroll Group plc

With over 40 years’ experience in the industry, Thomas Carroll Group plc is one of the UK’s leading independent providers of business insurance and personal insurance broking, financial management, health & safety and employment law consultancy. In recent years we have moved closer to our clients, opening local offices in Swansea, Haverfordwest and Hereford in addition to our Caerphilly headquarters near Cardiff.

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