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Alex Gayduk

About Me

Alex Gayduk is Founder & CEO at Fortifier that provides customized reliable software development for the InsurTech and Insurance companies. He is also Founder & CEO at Panzly, the first flight insurance company.

How Big Data is Changing the Insurance Industry

Going forward, access to data and the ability to derive new risk-related insights from it will be a key factor for competitiveness in the insurance industry. New approaches to encourage prudent behavior can be envisaged through Big Data, thus new technologies allow the role of insurance to evolve from pure risk protection towards risk prediction and prevention. Using Big Data analytics, insurance can offer personalized policies, precisely assess risks, prevent fraudulent activities, and increase the efficiency of internal processes. Let’s take a closer look at several Big Data solutions for insurance.

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