NAICs Insights Comparison: Dynamic vs Traditional Data Platforms

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Business classification plays an important role in risk models that need to be filled out throughout the insurance process, and it is important that this information is accurate. These classification codes are used by carriers to determine risk levels and have a very big impact on the process. In this paper, we will analyze the differences between AI-powered and traditional data platforms and their ability to provide accurate North American Industry Classification System (NAICS) codes.

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