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It’s safe to say that data analytics are transforming every industry. The more data that an organization can glean actionable insight from, the more room there is for making improvements. Such is the case with insurance. With massive amounts of data collected on a daily basis, the business opportunities that are available after sorting and analyzing that data are even greater. It’s a practice that many carriers are adopting for a variety of benefits, but most notably, to drive down costs.

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