Remove improve-underwriting-using-data-and-analytics
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Improve Underwriting Using Data and Analytics

Cloudera

Insurance carriers are always looking to improve operational efficiency. We’ve previously highlighted opportunities to improve digital claims processing with data and AI. In this post, I’ll explore opportunities to enhance risk assessment and underwriting, especially in personal lines and small and medium-sized enterprises.

Insurance 101
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Commercial Lines Insurance- the End of the Line for All Data

Cloudera

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Commercial Lines truly is an “uber industry” with respect to data. A Long, Long Time Ago.

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How Modern Data Technologies Are Remaking the Art of Insurance Underwriting

Snowflake

The insurance industry has always been driven by data. Today, insurance underwriters are under the gun to use new data technologies to shift from hindsight-dependent to future-ready processes. Underwriters have primarily relied on historical data to predict tomorrow’s risk. What can we mitigate and prevent?’

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Improve Wildfire Risk Model Accuracy with Data

Precisely

With the help of advanced geospatial analytics, we are in a better position than ever before to evaluate a wildfire risk model to prevent losses, and minimize the damaging impact of wildfires when they do occur. As they do so, their ability to forecast that behavior has improved dramatically.

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Once Upon a Time in the Land of Data

Cloudera

Overall, it struck me that while data science is not new, most firms are still defining the mission of the data office and data officer. It’s clear firms seek to leverage data and embrace its potential insights, but most are forging ahead in largely uncharted territory. Storytelling .

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Refine Risk Assessment in Insurance with Profitable Underwriting

Precisely

Profitable underwriting naturally rests on a carrier’s ability to accurately predict risk. The world’s most innovative insurance companies are using dynamic weather data to help them better understand the risk assessment in insurance they may face in coming years as a result of uncertainty about the climate.

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Refine Risk Assessment for Insurance with Profitable Underwriting

Precisely

Profitable underwriting naturally rests on a carrier’s ability to accurately predict risk. The world’s most innovative insurance companies are using dynamic weather data to help them better understand the risk assessment in insurance they may face in coming years as a result of uncertainty about the climate.