Underwriting capabilities are enhanced with the introduction of advanced technology systems, agile business development applications and the internet, changing the way data is generated, accessed and used. Sophisticated data analysis provides strategic insight, increases the time available to underwriters for the value-adding business of risk assessment and improves confidence in data by providing a measurable commercial value. As for data capabilities, it is all about making data talk. Data can be cut vertically, horizontally and provide a multitude
of pictures that provide in-depth management information that offers tremendous business insight. It can be cut by geography, product, regulatory entity and more.
via Technology in (Re)Insurance: More than Just a Helping Hand | PropertyCasualty360.
