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3 ways data science is changing commercial underwriting

One of the great ironies of the insurance industry is that it was among the first to embrace analytics but has become known for its reluctance to adopt technological innovations.

By Harish Neelamana | Updated on October 19, 2017
Most commercial insurance transactions are still carried out through traditional brokers, which means there is room for improvement. (Photo: iStock)

One of the great ironies of the insurance industry is that it was among the first to embrace hardcore analytics and yet is today known for its reluctance to adopt technological innovations, thanks in part to regulations that few tech innovators have been willing to tackle.

But that’s all changing.

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