“There is a significant cultural issue. nsurers need to be willing to embrace business intelligence to transform the art of underwriting into a blend of science and art. It has to start with the mandate from executive leadership, through each line-of-business head to the underwriting department. It is not about eliminating the underwriting, but augmenting the underwriting-risk analysis, decision and pricing with expanded insights and intelligence about the risks.”
Underwriting and Business Intelligence: Art Meets Science | PropertyCasualty360.
