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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

The auto insurance industry has always relied on data analysis to inform their policies and determine individual rates. With the technology available today, there’s even more data to draw from. The good news is that this new data can help lower your insurance rate. Marital status. Occupation. Type of Vehicle.

Insurance 137
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Rethinking informed consent

O'Reilly on Data

The problems with consent to data collection are much deeper. It comes from medicine and the social sciences, in which consenting to data collection and to being a research subject has a substantial history. But what about the insurance companies? They get the data, and they can repackage and exchange it.

Insurance 242
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Deep tech disruption: How advanced technologies are transforming businesses

CIO Business Intelligence

Robotics: Automation reimagining productivity and costs Alongside AI, advanced robotics is delivering measurable ROI across industries. Satellite technology: Rapid growth in satellite constellations benefits telecom (remote connectivity), insurance and agriculture (high-resolution crop monitoring and disaster assessment).

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The Sprint towards Digital Healthcare

Cloudera

As healthcare providers and insurers /payers worked through mass amounts of new data, our health insurance practice was there to help. One of our insurer customers in Africa collected and analyzed data on our platform to quickly focus on their members that were at a higher risk of serious illness from a COVID infection.

Insurance 101
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28 Best Insurance KPIs and Metrics Examples for 2020 Reporting

Jet Global

What Is an Insurance KPI? An insurance Key Performance Indicator (KPI) or metric is a measure that an insurance company uses to monitor its performance and efficiency. Insurance metrics can help a company identify areas of operational success, and areas that require more attention to make them successful.

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25 Best Healthcare KPIs and Metric Examples for 2021 Reporting

Jet Global

A healthcare Key Performance Indicator (KPI) or metric is a well-defined performance measure that is used to observe, analyze, optimize, and transform a healthcare process to increase satisfaction for both patients and healthcare providers alike. This modern healthcare metric measures the utilization of advanced equipment at your facility.

Metrics 98
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30 Best Manufacturing KPIs and Metric Examples for 2021 Reporting

Jet Global

An Operations Key Performance Indicator (KPI) or metric is a discrete measurement that a company uses to monitor and evaluate the efficiency of its day-to-day operations. Leading companies make use of KPIs and KPI dashboards to measure their efficiency in real time. What is an Operations KPI?

Metrics 131