{"id":5224,"date":"2016-05-07T10:23:14","date_gmt":"2016-05-07T15:23:14","guid":{"rendered":"http:\/\/www.ssc.wisc.edu\/~jfrees\/?page_id=5224"},"modified":"2019-01-06T13:09:18","modified_gmt":"2019-01-06T19:09:18","slug":"introduction-to-loss-data-analytics","status":"publish","type":"page","link":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/loss-data-analytics\/introduction-to-loss-data-analytics\/","title":{"rendered":"Chapter 1. Introduction to Loss Data Analytics"},"content":{"rendered":"<p><em>Chapter Preview<\/em>. This chapter introduces readers to methods of analyzing insurance data. Section 1 begins with a discussion of why the use of data is important in the insurance industry. Yes, this is obvious but we need to make a strong case for it as this is the whole premise of the book. Next, Section 2 provides an overview of the types of data that one encounters. There are many types from which to choose; your first step in the analysis of data is identify a broad class to help direct you to the appropriate tools and techniques. Section 3 gives a general overview of the purposes of analyzing insurance data which is reinforced in the Section 4 case study. Naturally, there is a huge gap between identifying the broad class of variables and what we learn from the data; this gap is covered through the methods and techniques of data analysis covered in the rest of the text.<br \/>\n<div class=\"alignright\"><a href=\"https:\/\/users.ssc.wisc.edu\/~ewfrees\/loss-data-analytics\/introduction-to-loss-data-analytics\/relevance-of-analytics\/\" title=\"1.1 Relevance of Analytics\">Next page &#9658<\/a><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chapter Preview. This chapter introduces readers to methods of analyzing insurance data. Section 1 begins with a discussion of why the use of data is important in the insurance industry. Yes, this is obvious but &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":5824,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false},"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P8cLPd-1mg","acf":[],"_links":{"self":[{"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/pages\/5224"}],"collection":[{"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/comments?post=5224"}],"version-history":[{"count":4,"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/pages\/5224\/revisions"}],"predecessor-version":[{"id":5337,"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/pages\/5224\/revisions\/5337"}],"up":[{"embeddable":true,"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/pages\/5824"}],"wp:attachment":[{"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/media?parent=5224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}