1. Risk & Claims Analysis
Use data to spot patterns in health claims.
Helps predict future costs and detect fraud.
2. Pricing & Cost Forecasting
Estimate premiums based on age, health, and location.
Forecast future healthcare expenses.
3. Financial Modeling
Build models to set premiums and ensure enough reserves.
Helps keep the insurance company financially stable.
4. Cost-Effectiveness & Impact
Measure if insurance improves health and saves money.
Supports decisions on public vs. private coverage.
5. Regulatory Compliance
Follow laws and local health regulations.
Avoid penalties and protect patient data.
6. Policy Design Support
Help design fair and effective insurance plans.
Use data to guide decisions and improve coverage.
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