Dishing on Data – Advice from Data Scientists on How to Leverage Traditional and Non-Traditional Data Sources
Insurers are wrapping their analysis in layers of data, including bankruptcy information, judgments and more.
Combing claims data with weather information can help insurers more quickly forecast loss and evaluate risk.
The pandemic helped to escalate the share of claims that are filed with photos and police diagrams.
Insurers are utilizing police reports for machine learning and better claims triaging. The biggest challenge is bringing them into conformance.
Looking at a full range of information about damaged property can help insurers more quickly move to loss determinations.