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Leading insurers are leveraging advanced data strategies to revolutionise their underwriting. You must too. Join us for an exclusive webinar around the maturity of commercial underwriting functions in the era of data-driven decision-making. Moderated by Tony Tarquini, the webinar will feature William Harnett, Head of Business Strategy & Customer Success, Send, and Lloyd Peters, Head of Revenue, Send, who will help you discover the actions you can take to shift from process standardisation to a data-maturity model. Can’t make it live? That’s ok, sign up anyway and we’ll send you the recording! https://lnkd.in/edh3_pbw #Insurance #Data #Innovation #Webinar #Underwriting

A Serious Question: Have Loss Ratios Improved with Big Data? It’s surprising to see that #insurance applications still consist of 30 questions plus and involve lengthy underwriting processes. In an age where big data and advanced analytics are at our fingertips, why are we not seeing more streamlined processes? As we embrace technology, the potential for data-driven insights should help us reduce inefficiencies and improve loss ratios. Yet, I'm not sure that's the case. It’s time for the industry to rethink how we leverage big data. Are we truly utilizing the resources available to us, or are we letting traditional methods hold us back? #Insurance #Underwriting #BigData #Innovation #InsurTech

"What segments should we be writing?" We get this question all the time, and the answer seems fairly straightforward - just run a segmentation analysis, right? The problem is you don't know if the business was properly classified at underwriting. Or if the business has changed and is now doing something different. This incorrect or outdated data can produce unreliable results. That is why data teams use the Relativity6 🤖 classification tool to clean up industry data - It is up to 95% accurate at classifying small businesses. Want to see this in action? Book a demo with me and get 50 free records 👉 https://lnkd.in/gXhAsB2m #insurance #analytics #carrier #MGA #MGU #insurtech #insuranceinnovation #Relativity6 #insurtechinsights #data #insurancedata #underwriting #claims #commercialinsurance #workerscomp

In underwriting, data is king. With Wizard Analytics, you get comprehensive insights that drive better decisions and mitigate risks effectively. Make your underwriting decisions data-driven with us. #DataDrivenUnderwriting #RiskProfiles #PredictiveAnalytics #WizardAnalytics

Join the conversation! How does inadequate data and analytics technology affect your claim submission process? Share your insights! #DataAnalytics #ClaimSubmission #Poll #InsuranceTech #BusinessInsights

What happens when good data happens to bad structures? Underwriters capture a wealth of rich, insightful data from policy submission, but where does that data go once the policy is bound? Many of these insights remain locked in Excel, emails, PDFs or Word when they could be enriching the insurers' knowledge at portfolio level. Imagine if there wasn't this disconnect between transactional and portfolio-level underwriting, sure that's an underwriters' nirvana? William Harnett explores this disconnect and looks at how to unlock data flow for insurers in our new blog. Read here: https://lnkd.in/eXz7Eej3 #Underwriting #Data #Technology

Predictive analytics empowers lenders to identify high-risk accounts early, reducing defaults by up to 40%. With smart algorithms, you can focus on proactive engagement and mitigate risks efficiently. At FrenzoFinserv, we bring precision to collections with advanced analytics, transforming challenges into opportunities. #DebtCollection #PredictiveAnalytics #SmartSolutions #frenzofinserv

Join the conversation! How does inadequate data and analytics technology affect your claim submission process? Share your insights! #DataAnalytics #ClaimSubmission #Poll #InsuranceTech #BusinessInsights

Another #CASRPM24 session not to miss. Carriers can create so much efficiency through automation in the rate change process, freeing their actuaries up to focus on deeper analysis and more strategic priorities. Erik Yost, FCAS has worked with carriers across the insurance space on this type of transformation and has a wealth of experiences to share. #insurance #ratechange #transformation #automation

Welcome to GrahamAlytics®, a powerful tool developed at Graham Company to help clients manage risk. This established business analytics system consolidates loss information from various sources into a single, customizable snapshot, covering over a decade of data across numerous insurance carriers. At Graham Company we strive everyday to better serve our clients! Discover more about how GrahamAlytics® can benefit your business in our video below: #BusinessAnalytics #RiskManagement #Marketing #ProductSolutions