Technology is allowing insurance companies to capture an incredible amount of data about their policyholders and claimants. The challenge for many, however, is figuring out what kind of information will yield the best insights to allow them to identify new risks, price coverage more accurately, and create better products to protect policyholders.
The latest edition of Insurance Speak features a conversation with Franck Giaoui, a legal scholar and educator at Columbia Law School and the founder and CEO of OptimaLex Solutions, a settlement and litigation prediction tool. Giaoui has worked with the legal and financial industries to apply their data as part of their growth strategy and is now focusing on insurance companies to help them use vast amounts of information to identify new risks and create new products.
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