Data and analytics have become hot topics in the P&C spaceas many carriers have incorporated data and analytics into theirapplication and underwriting processes.

But few carriers have truly integrated external data deeply intotheir claims process. To assess the effect of having more dataearlier in the claims process, LexisNexis® Risk Solutions conducteda study that investigated how data affected the claims of severalcarriers listed in A.M. Best's top 20 ranked carriers.

The results? When carriers collect more data, earlier in theclaims process, they experience significant benefits in cost andefficiency.

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