The entire insurance business concept 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 potential relevant risks for each client and predict the likelihood that the policyholder will file a claim.
The COVID-19 pandemic has negatively impacted the Spanish economy, especially affecting SMEs with lower levels of digitalization. The Plan to Boost the Digitalization of SMEs and EU funds provide opportunities to accelerate digital transformation. Data science is crucial, 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 results. A skilled team and a systematic approach are necessary to fully leverage data and make informed decisions.
Zentricx was engaged by Bancor to carry out a project called the "Enterprise
Architecture Process (EAP)," which involved analyzing critical business challenges to
identify possible solutions that would help the organization to achieve its strategic
objectives efficiently.
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