Madison Rodak

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The Insurance Industry’s Cloud Takeoff

Cloud computing is a game-changer in redefining business operations and consumer interactions as the insurance industry undergoes considerable transition due to digitalization and client demands.

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Cloud Computing: Driving Innovation in Insurance Services

As society embraces the digital age, the surge in data usage presents challenges for companies to maintain their vital information, programs, and systems on in-house servers. However, the solution to this dilemma, which has persisted since the internet’s inception, has only recently gained widespread adoption.

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Data Anayltics for Underwriting: The Role of Big Data in Improving Underwriting Accuracy & Efficiency

Visualize all the grains of sand on beaches across Earth. It’s a number so big – roughly 2.5 quintillion to be exact – that we can’t imagine it in any meaningful way. But it’s also the amount of data that we generate every single day. That data, hidden in documents or flowing through the internet, is akin to the oil that revolutionized the 20th century; it drives our economies and powers our technological advancements.

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Empowering Insurance with Smart Contracts

Insurance is defined as the pooling of resources by many to compensate the few faced with named risks. In legal terms, it is a contract in which the insurer agrees to indemnify the insured upon the occurrence of a specified event, in return for a payment called premium. 

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