Big data and analytics are the sentinel change agents in an insurance environment that is being impacted by radical shifts in how underwriters assess risk and how consumers buy insurance. In fact, the combination of the two is precipitating a big shift in the traditional underwriting role, while leveling the competitive playing field.The systematic integration of these emerging variables is enabling insurers to address the following challenges:
1. Manage the collection of data
2. Integrate data insights into the underwriting process
3. Utilize data to drive innovation in the underwriting process
4. Fund underwriting improvements
via Unlocking the Potential of Big Data for Underwriting.
