An emerging trend of big data analytics with health insurance in India

For the last century, the healthcare services and delivery including financing in India has been shrouded by life insurance challenges and importantly, shares key landmarks with general insurance. Many experts, practitioners and policy makers including researchers identified that, there is a big gap in the knowledge about innovations in public and private health financing and delivery. Apparent entails the necessity to alter the prevailing structure of the present health care services by applying “Big Data Analytics”. In this paper we'll discuss the various assorted implications, characteristics beside decrease in healthcare costs and how this new era of advanced and improved Data management is helping in Insurance Sector, more even we have to pay specific attention to the use cases which leads and drive new technology and eventually lead towards economic progress.

I. Introduction

Hugh the elder Chamberlen from Peter Chamberlen family planned construct of insurance within the year 1694. The “Accident Assurance” which began to be offered in nineteenth Century has operated very similar to modern social insurance. This model of payment continued till the beginning or starting of twentieth century. The fashionable insurance programmers evolved from ancient insurance in and throughout the centre to late twentieth century. Today, the price routine has been cowed by most comprehensive insurance programmers as well as preventive and emergency health care procedures and conjointly most pharmaceuticals. However this is often not forever the case.