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Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
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Commercial property insurance data analytics involves using technology to gather and analyze large amounts of data, including third party data, in order to improve outcomes for property insurance companies. Technology advances such as internet of things (IoT) and cloud are creating an explosion of data. Through the use of commercial property insurance data analytics, insurers can extract value from this data and deliver improved services to the risk managers and brokers they serve, enabling closer partnerships and fresh sources of revenue. In the commercial property arena, where the focus is on protecting physical assets, data analytics is starting to transform business operations.
Commercial property insurance data analytics provides a number of benefits:
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