Question: Describe data mining and the data mining process. Explain how data-driven decision making applies to risk management and insurance. Describe the evolution of big data

  1. Describe data mining and the data mining process.

  2. Explain how data-driven decision making applies to risk management and insurance.

  3. Describe the evolution of big data and technology and its impact on the property-casualty insurance business.

  4. Categorize the various characteristics and sources of big data available for insurance and risk management applications.

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