Insurance

According to a Gartner report, more than two – thirds of insurers credit predictive analytics with reducing underwriting problems and expenses, and that it has helped them increase sales and profitability.

The inherent value of predictive analytics in the i nsurance industry is becoming increasingly apparent in countless applications. Through predictive analytics, data can be gathered from a variety of internal and external sources to better understand and predict policyholder behavior, better manage policyho lder relationships, claims and underwriting, and increase profitability.