Precise pricing cannot be accomplished through flawed data. Understanding the exact risk involved allows companies to underwrite wisely or walk away from a potential loss. (Photo: Chaay_tee/Adobe Stock)
Data has been a focal point for the industry for some time, and that only seems to be accelerating. Whether we're talking about new data sources, using third-party data to avoid asking insureds for information, looking at how we structure our data models and warehouses (or lakes, but hopefully not swamps!), implementing data governance or something else, data is as much a buzzword as embedded, AI, IoT or anything else.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
