“The evolution of analytics and machine learning are shaping the industry's future, mitigating risk, improving business, and helping develop types of policies that individuals and businesses need, even before they know they do.”.Success, failure, and change in the insurance business have always been largely data-determined. But today is different. The proliferation of big data and the advent of advanced analytics and machine learning are changing the game entirely. The winners are those that can access the most relevant data, analyze it in new and unique ways, and apply it at the right time and place, all at extraordinary speed. These new technologies are not only improving company performance, they are also helping insurance carriers identify new areas of risk and opportunities for growth. The evolution of auto policy rating is a ready example of how more and better data, used well, leads to improved risk analysis and pricing. Historically, age, marital status, and driving history were used to price a policy. Over time, other data such as credit scores and good student discounts were included. Carriers now have the opportunity to include driver behavior data, captured directly from vehicles through telematics devices, to further improve pricing accuracy.
ACM International Web Search and Data Mining 2018 will take place in Los Angeles, California, USA, Feb. 5-9, 2018. The conference WSDM 2018 is one of the the premier conferences on web inspired research involving search and data mining. This year's program will include keynotes and nvited talks , paper presentations, 8 workshops, 8 tutorials, a doctoral consortium, a VC/Industry Day, and a WSDM Cup competition.