What types of BI decisions include forecasting claim amounts, medical coverage costs, classifying the most important elements that affect medical coverage to predicting which customers will buy new insurance policies?
A) Retail and sales BI decisions
B) Banking BI decisions
C) Operations management BI decisions
D) Insurance BI decisions

Question

Quizplus · Accepted Answer

The correct answer is D) Insurance BI decisions because the examples provided, such as forecasting claim amounts, medical coverage costs, classifying important elements affecting medical coverage, and predicting customer behavior regarding new insurance policies, are all directly related to the insurance industry. These activities are part of the business intelligence processes used in insurance to make informed decisions.

What Types of BI Decisions Include Forecasting Claim Amounts, Medical