Czech Insurers Bureau: Insurance group strengthens risk management with text mining solution

The Statistica solution’s data mining and text mining capabilities are already helping us expose additional risk characteristics, thus making it possible to predict serious medical claims in earlier stages of the investigation.

Peter Jedlička, Ph.D., Team Leader of Actuarial Services, Czech Insurers’ Bureau

An insurer organization uses Statistica Data Miner and Text Miner to analyse the unstructured data contained in insurance claims and accident reports to predict which claims are most likely to incur the largest costs.

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