REVIEW ON APPLICATION OF DATA MINING IN INSURANCE

Insurance consists of providing security, old-age pensions, as an investment or saving mechanism, as collateral for loans, for tax benefits, provide protection, provide prevention of losses, small capital to cover the larger risk, risk-free trade. Data mining is the productive disclosure of profitable, non-evident data from a substantial accumulation of information. In this study, researchers reviewed 12 research articles in Data Mining application used in insurance companies and the result shows that Data mining can be seen because of the character advancement of data innovation.