What is a stakeholder in insurance?
Stakeholders are individuals or companies that have any interests that meet their needs and expectations, for example, shareholders, employees, managers, contractors, the state and other persons interested in the activities of the company and her actions.
What does GlobalData do?
As the gold standard data provider to the world’s largest industries, we continuously collect and analyze terabytes of data to create the most comprehensive, authoritative, and granular market intelligence.
What is insurance intelligence?
Issue: Artificial intelligence (AI) is a technology which enables computer systems to accomplish tasks that typically require a human’s intelligent behavior. Examples include gathering information, analyzing data by running a model, and making decisions. The use of AI has increased exponentially across all industries.
What is the difference between shareholders and stakeholders?
A shareholder owns part of a public company through shares of stock, while a stakeholder has an interest in the performance of a company for reasons other than stock performance or appreciation. These reasons often mean that the stakeholder has a greater need for the company to succeed over a longer term.
Who owns GlobalData PLC?
The group is chaired by Bernard Cragg, former finance director of Carlton TV, and the company founder, Mike Danson, is CEO.
What are the 5 parts of an insurance policy?
Every insurance policy has five parts: declarations, insuring agreements, definitions, exclusions and conditions. Many policies contain a sixth part: endorsements.
How does AI benefit insurance?
However, using AI is an effective way to detect fraud and prevent risk. Using AI can help insurance companies spot abnormalities in claims data and identify false information that customers use to get a lower premium or bigger claim payout.
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