In the end, third-party data not only helps insurance professionals innovate and better match rate to risk, but it also helps provide the best possible experience to customers: faster quotes, better rates and coverage, improved disaster response, automated claims, and faster speed to market with new products and services. (Credit: Roberto Saporito/Adobe Stock) In the end, third-party data not only helps insurance professionals innovate and better match rate to risk, but it also helps provide the best possible experience to customers: faster quotes, better rates and coverage, improved disaster response, automated claims, and faster speed to market with new products and services. (Credit: Roberto Saporito/Adobe Stock)

Data may be the Holy Grail for insurers, but there is more to a risk score or model these days than meets the eye. To understand what information is feeding that score or model requires digging a bit deeper; is it the same data a company has been using for years? Or, has that data evolved to include new inputs, fresh characteristics, and emerging third-party data sources?

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Analytics & Data