Editors: Sanjay Taneja, Ercan Ozen, Luan Vardar, Mohit Kukreti, Mohammad Kashif

Data Alchemy in Insurance: Revolutionizing the Insurance Industry through Big Data Analytics

eBook: US $89 Special Offer (PDF + Printed Copy): US $143
Printed Copy: US $98
Library License: US $356
ISBN: 978-981-5313-84-0 (Print)
ISBN: 978-981-5313-83-3 (Online)
Year of Publication: 2025

Introduction

Data Alchemy in Insurance: Revolutionizing the Insurance Industry through Big Data Analytics discusses cutting-edge technologies like machine learning and AI, transforming insurance into a dynamic, customer-centric industry. Spanning fifteen chapters, topics range from predictive analytics for customer retention to ethical dilemmas in data usage. Learn how big data enhances risk assessment, underwriting, and customer engagement, fostering innovation and operational efficiency. Insights into robo-advisors, automation, and sustainable insurance models provide a comprehensive view of industry advancements.

Key Features:

  • - The Data-Driven Renaissance: Innovate and grow strategically with big data.
  • - Customer-Centric Transformation: Personalize engagement and satisfaction.
  • - Operational Efficiency: Optimize claims, detect fraud, and assess risk effectively.


Readership:

Ideal for insurance professionals, analysts, and researchers.

Foreword

"Data Alchemy in Insurance: Revolutionizing the Insurance Industry through Big Data Analytics" is a book that explores how this tool is changing insurance. It shows how data is now guiding decisions in the insurance world.

Big Data analytics is becoming more than a passing trend for insurance businesses; it is essential to remain competitive and meet clients’ demands. This book examines the way data influences how insurance claims are handled, how clients are engaged, and how risks are evaluated.

Big Data analytics is explained simply throughout the book, with studies and examples to aid understanding. This book contains information for everyone interested in how technology affects insurance, whether they are insurance professionals, students studying insurance technology, or simply interested in the subject.

As you read "Data Alchemy in Insurance: Revolutionizing the Insurance Industry through Big Data Analytics," you'll learn about the challenges and opportunities of using data in insurance. Each chapter gives a complete picture of how things are changing and guides people in the industry.

This book will be helpful for everyone interested in insurance-related big data analytics. Let it serve as an invitation to explore the future of insurance, one in which data will be the key to improving insurance for all people while we watch this exciting transformation taking place.

Dr Amar Johri
Professor, College of Administrative and Financial Sciences
Saudi Electronic University, Riyadh ,11673
Saudi Arabia

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