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The insurance industry is leveraging big data and real-time monitoring to automate risk assessment, driving more accurate predictions and risk mitigation strategies. Insurers are increasingly using GIS and hyperlocal data to enhance risk modeling for both residential and commercial properties. Real-time monitoring systems, such as electrical monitoring in commercial buildings, are generating vast datasets that feed predictive analytics. To listen to Elizabeth Blosfield’s full interview with Behzad Salehoun, click here!
#BigData #RiskAssessment
The post How Big Data and Advanced Analytics Are Transforming Risk Assessment in Insurance appeared first on Insurance Journal TV. |
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