Data Science for Insurance

Getting it right in insurance is harder than ever. The complexity of risk is rising due to climate change, terrorism, and cybercrime. Smart homes and autonomous vehicles are creating new, complex industry dynamics and unprecedented considerations when crafting policies. The analytics behind today’s underwriting, valuation, and fraud detection need to be reinvented to be lightning fast, laser accurate, and adaptable. Failure to deliver means, at best, lower profit and dissatisfied customers. At worst, it exposes insurers to massive losses. Altair® RapidMiner® enables insurance companies to harness their data to meet customers’ changing needs while assessing and protecting themselves against new horizons of risk.