About The insurance industry is regarded as one of the most competitive and less predictable business spheres. It is instantly related to risk. Therefore, it has always been dependent on statistics. Nowadays, data science has changed this dependence forever. Now, insurance companies have a wider range of information sources for the relevant risk assessment. Big Data technologies are applied to predict risks and claims, to monitor and to analyze them in order to develop effective strategies for customers attraction and retention. Undoubtedly, the insurance companies benefit from data science application within the spheres of their great interest. Therefore, we have
…