Analytics in Insurance Overview

This chapter is from the book

Applied Insurance Analytics: A Framework for Driving More Value from Data Assets, Technologies, and Tools

Learn More Buy

This chapter is from the book

This chapter is from the book 

Applied Insurance Analytics: A Framework for Driving More Value from Data Assets, Technologies, and Tools

Learn More Buy

Summary

Learning Objectives

Test your basic knowledge of the main points in this chapter by answering the following questions:

• Name major insurance business processes and key analytics used by these processes.
• Review how data originates and flows across and outside the organization.
• Apply the Insurance Analytics Evolution Framework to measure maturity.

Discussion Questions

Further check your application of key concepts by reviewing the following discussion questions:

• Describe how analytics are used in marketing, sales, underwriting, claims, and finance.
• Identify and explain three external data sources and what analytics areas they can be used in.
• Discuss the three challenges in effectively using analytics and how they can be overcome.