Insurance data mining is yet another growing application of big data. There are two trends that any insurance company loves to see: A growing client base and a widening profit margin. The key to achieving these objectives is in a clear understanding of the company’s consumer population. Data mining for insurance is the most efficient and effective method for getting past the barriers of big data and making logical, organized predictions about consumer risks and needs. Mining big data is changing the landscape of the insurance industry. Here’s why: 1….