Data professionals are still vital for the insurance industry , despite the increased use of data analysis , according to Judith Smith and Michael W Elliott of risk management provider The Institutes . Data analytics can help improve fraud detection , process efficiency and in ##mate claims . The data that the system analyzes needs to be gathered by qualified adjusters. But data still needs to be gathered by a qualified adjustor and a human investigator is crucial for thorough investigation of claims and actuaries still need to learn how to best use new analytical tools .
Data professionals are still vital for the insurance industry , despite the increased use of data analysis , according to Judith Smith and Michael W Elliott of risk management provider The Institutes . Data analytics can help improve fraud detection , process efficiency and in ##mate claims . But data still needs to be gathered by a qualified adjustor and a human investigator is crucial for thorough investigation of claims and actuaries still need to learn how to best use new analytical tools .