fai insurance group also recently implemented a large data warehouse insurance compa 629059

FAI Insurance group also recently implemented a large data warehouse. Insurance companies are broadly recognized to be heavily reliant on demographic data that support assessment of insurance risk. FAI Insurance decided to use its data warehouse to reassess the relationship between historical risk from insurance policies and the pricing structure used by its underwriters. The data analysis capabilities should allow FAI to better serve its customers by more accurately assessing the insurance risk associated with a customer request. Developers of the data warehouse note that the models that can be built through data mining are much larger than those the company could previously develop. Through  the use of neural networks and linear statistics, the analysts comb the data for trends and relationships. Out of 25 users currently on the research system linked to the data warehouse, 12 researchers work almost full-time on mining the data in the system. The strong relationship between the information technology group and the researchers has resulted in what FAI believes to be the most effective data-mining and data-warehousing approach in the industry. advertising agency.