Banking / Finance

How the Insurance Industry Is Using Big Data to Better Define Risk Appetite

21st Aug `13, 10:42 AM in Banking / Finance

Big data is big business. For the insurance industry, the volume of the information now stored in data…

BDMS
Guest Contributor
 

Big data is big business. For the insurance industry, the volume of the information now stored in data warehouses is overwhelming. Don Canning, vice president of SunGard’s insurance business, compares it to an ocean. And here, he explains how industry companies are beginning to use hundreds of billions of megabytes of data to make better assessments of their risk appetite than ever before.

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