Asian insurers look to big data to cut costs, manage risks: Official

Posted On: May. 15, 2018 5:55 AM CST

James Maudslay, global head of insurance at U.S.-based tech firm Equinix Inc., said that Asian insurers are looking to adapt new technologies such as big data to cut costs and manage risks related to extreme weather and other catastrophes, South China Morning Post reported. Mr. Maudsley said that insurers are looking to big data to tap into new business opportunities and develop new products and risk management models.