Magazine
Big Data and Telematics Feature
Big Data is more than a buzzword, it is a vital information tool which insurers can tap into to understand their customers' needs better; to create the products that they need and even to narrow the protection gap in Asia.
Asia remains severely underinsured. By harnessing new technologies and big data, insurers will be able to tackle new and emerging risks and bridge the protection gap in Asia, Ms Sophia Van of Swiss Re says.
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Driving motor insurance ahead "Big data" - this new buzzword stands for the totality of structured and unstructured data that are analysed to provide a more detailed understanding of the behaviour patterns of clients. Dr Ludger Arnoldussen, Member of
Munich Re's Board explains.
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