The entire concept of insurance business is based on risk assessment. Whether it is property and casualty insurance or any other type of life, home or auto policy, the main task is to assume the possible risks relevant to each client and predict the possibility of the policyholder making a claim.
Tag: business
The ABC's of a data science process
The COVID-19 pandemic has negatively impacted the Spanish economy, especially SMEs with a lower degree of digitalization. The SME Digitalization Promotion Plan and European Union funds provide opportunities to accelerate digital transformation. Data science is key, using data to make dynamic decisions and gain insights. The data science process involves defining the problem, preparing and studying the data, creating and validating models, and visualizing the results. You need a skilled team and a systematic approach to make the most of data and make informed decisions.
