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Over the last few years, the insurance industry appears to have fared reasonably well; however, as of year-end 2014 Returns on Equity (ROEs) have begun to fall due to a combination of capital accumulation, competitive pricing, weak investment returns and rising loss expense (Source: 2015 EY US Property/Casualty insurance outlook). Whether the firm is a health, property and casualty or life insurance company with accident and disability product offerings, big data analytics using machine learning on Hadoop provides an opportunity to streamline and systematize procedures, optimize pricing and reduce fraud and overall risk.
Join the Editor-in-Chief from Claims Magazine’s along with experts from Hortonworks and Skytree to learn about the potential and impact of big data analytics on the insurance industry. This webinar will help you understand how the use of machine learning on big data is helping institutions understand customer sentiments, detect fraud, and several use cases that can benefit from the applicability of big data analytics.
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