The application of big data in the insurance industry is swelling from waves of vehicle telematics, consumer POS transactions, and mobile interaction data. This new era of data analysis in insurance industry promises new insight to better acquire customers, underwrite risk, fight fraud and settle claims.
- Big Data is a $2.4 billion industry in insurance in 2018
- By 2030, half the world’s vehicles will be covered by telematics-based insurance policies
- 10%, or up to $32 billion, of annual property-casualty insurance losses are due to fraud
The more you know about telematics, the more you'll profit
Read the whitepaper for Insurers to learn more.
“What big data can do, among other things, is to provide a new level of precision regarding what is actually happening on the ground to a business, to help analysts and portfolio managers make choices.”
Chief Data Scientist
Major Investment Firm
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How it works
The OmniSci SQL engine rapidly executes insurance industry data queries and enables rendering and visualization of spatiotemporal data and telematics data for interactive, zero-latency exploration and insights.