‘Wolf of Wall St.’ and Insurance Execs Agree: Analytics Needs a Human Touch |
The role of analytics will be to provide another tool to underwriters to allow for more-refined pricing. And leveraging technology to achieve that end is something insurers have been doing for a while. There’s definitely been a number of insurance companies that have used technology to their advantage.
The real trick will be leveraging all of the new data insurers have at their disposal into something they can actually use: Useful data versus just a lot of data. You have to build the right tools to store, condense and pull out the information you need.
