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Big data analysis, predictive models to help insurers cover new risks: Report

Posted On: Jul. 28, 2017 4:00 AM CST

A report by insurance association Insurance Europe said that the use of data analysis and predictive models would enable insurers to cover new risks better and offer products tailored to the consumers’ needs, Gropo Aseguranza reported. It will be the consumers and the products they choose which will determine the magnitude of changes in data analysis, the report added.

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