According to SAS, more than one in 10 insurance claims is fraudulent. Opportunities for subrogation get lost in massive amounts of data and insurers end up overpaying when trying to settle claims too quickly.
This month in London, Big Data IQ is holding the annual Big Data and Analytics for Insurance summit from the 26th – 28th of January in London. The meeting will create a platform for insurers to network, collaborate, and solve challenges together surrounding their data handling and strategies. Speakers confirmed include:
“Unlike other data events, this meeting will focus on the challenges faced by the insurance industry specifically. We have been working with the financial services for years and have homed in specifically on the insurance industry for the past 12 – 24 months in order to create a programme which focuses on the attendee and his or her specific needs, including their most pressing challenges and what they have been doing from a best practice point of view,” commented Big Data IQ’s Commercial Manager Pamela McLoughlin.
The Summit features a blend of talks, panels and discussions, focusing on insurers’ challenges surrounding data validation, storage, and utilization. To find out more about the issues that will be addressed at the forum visit www.dataanalyticsinsurace.com, or email email@example.com.]uk