The Earnix Blog: Resources for Insurance and Banking Leaders

The use of synthetic data has expanded greatly the options in the world of analytics and data science, and has found traction in many corners of the insurance industry. It has yet to find wide usage in specialty markets. In these markets, failure to take full advantage of synthetic data runs the risk of suboptimal decisions and the resulting negative impacts to profitability.

In the famous words of Ferris Bueller, “life moves pretty fast” - nowhere is this more true than when it comes to the ever-changing needs and expectations of today’s consumers. There will always be a market for banking services, but that does not make banks immune from competition and changing marke ...