Over the past five years, SMBs have faced an average ransom of $247,000 and around $350,000 in recovery costs per incident.

Fraud prevention looms large among the reasons why insurers should prioritize data visibility.

Innovating the document process can allow insurers to price and underwrite more accurately, increase efficiency and serve customers better.

While the willingness to share data is there, the desire varies depending on the type of information being collected.