Underwriting: Unlocking the Potential of Big Data

Big data and analytics are the sentinel change agents in an insurance environment that is being impacted by radical shifts in how underwriters assess risk and how consumers buy insurance. In fact, the combination of the two is precipitating a big shift in the traditional underwriting role, while leveling the competitive playing field. The systematic integration of these emerging variables is enabling insurers to address the following challenges:

1. Manage the collection of data

2. Integrate data insights into the underwriting process

3. Utilize data to drive innovation in the underwriting process

4. Fund underwriting improvements.

Unlocking the Potential of Big Data for Underwriting.

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The PEO Compass was founded by Paul Hughes in 2012. The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better. All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.

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