January 2012
Intermediate to advanced
1000 pages
28h 4m
English
Contents
Property and Casualty Insurance as a Business
Analytics Opportunities in the Insurance Life Cycle
The insurance industry (particularly the property and casualty part of it) is particularly conducive to the use of data mining for risk assessment, premium audit analyses, and insurance fraud. The basic tenet of insurance is that we can predict the future with a level of accuracy sufficient to decrease financial losses to a significantly greater extent than the cost of doing analysis. This is an ideal environment for data mining and text mining applications. This chapter ...
Read now
Unlock full access