Start Free

Speed up your data preparation with Trifacta

Free Sign Up
Wrangle Summit 2021 On Demand

You can still experience the best people, ideas and technology in data engineering, all in one place

Get All-Access Pass
 

Zurich

 

Opportunity

Creating more accurate risk models will allow Zurich to provide customers with better rates and improve the company’s bottom line. In an effort to improve their existing risk models, Zurich has constructed a 30-person team to experiment with new external data sources such as weather data that can be used to refine how they calculate the risk of potential insurers.

Challenges

  • External data sources are delivered in a variety of complex formats and structures that are not ready for analytic use.
  • Zurich analysts struggled to efficiently explore, structure and distill each dataset so it could be leveraged in risk models.

Solution with Trifacta

  • Trifacta allows Zurich’s team to more quickly explore and transform new data sources to define how they can be used to enrich risk calculations.
  • Incorporating new data into risk assessment gives Zurich a competitive advantage over other insurers.

Company Background

Zurich Insurance Group ( Zurich) is a leading multi-line insurance provider with a global network  of subsidiaries and offices. Founded in 1872, Zurich is headquartered in Zurich, Switzerland with approximately 55,000 people serving customers in more than 170 countries and territories. In 1912, Zurich entered the U.S and quickly became a leading commercial property and casualty insurance carrier. For more information visit www.zurichna.com.

“Each key event in the customer cycle, we have to capture that information and make it available immediately. And we can now analyse everything from flood patterns to driving patterns, with sensors on aircraft and cars – big data is about using as much of that information as quickly as possible to make the right decisions about risk.”