Synthetic Data Can Be Key To Insurers’ Profitability
October 19, 2021 by Tobi Hann
Data is the lifeblood of the insurance industry. For decades, teams of actuaries took months to analyze the information at their disposal and to complete the computations required to assess the financial risks associated with people, property and potential events. Later, the availability of computers accelerated the process.
Today, advanced data science, machine learning applications and AI make it possible to analyze existing data more effectively than ever before.
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