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Insurance companies with 'first-mover advantage' must now tighten their underwriting practices and guidelines around predictive analytics. (Photo: iStock)

In 2017, 62% of insurers incorporated predictive analytics into their underwriting, according to the “2018 Outlook Report” from Valen Analytics. The majority of insurers are utilizing data-driven approaches to better understand their risks in underwriting commercial business.

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Dax Craig

PropertyCasualty360

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