Does P&C’s Future Lie In Datasets?

Thinking ahead was the mark of an effective insurer in 2021, as the COVID-19 pandemic required constant adaptability and intelligence.

When insurance needs were changing day by day and week by week, responding quickly and flexibly with accurate quotes and appropriate product lines was essential. 2022 will be no different.

We may move past a global pandemic, but new risks are constantly evolving, and insurers must be on their guard.

With new coverage markets growing in the uncertain spaces of cyber and climate, companies must be faster and more agile than ever before.

Datasets originating from third-party providers could enrich the insights insurers desperately need to offer accurate and timely quotes to clients. In addition, exciting developments in modeling tools and analytics contribute to an elevated decision-making process for carriers, as underwriting grows easier.