What is data profiling and is it reshaping insurance?

By Heeren Pathak

In the data-intensive insurance landscape, significant strides in Machine Learning (ML) and data profiling are driving progress. These technologies enable the anticipation of policy losses and the projection of claim trajectories, offering previously unattainable insights. Unlike conventional approaches, these advanced tools possess the capacity to consider numerous inputs simultaneously, enabling underwriters and adjusters to make informed decisions, leading to improved outcomes for insurance companies and policyholders alike. 

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