InsuranceQuality Data. Speedy Delivery. Improved Assessment.
Big Data and Technology Disrupt the Insurance Industry
The insurance industry is evolving. Property and casualty insurance now benefits from risk models that analyze huge and diverse data sets. Catastrophe insurance is able to model risk levels with much more accuracy and is rising in demand following the impacts felt in 2017. Technology has created peer-to-peer scenarios like property rentals requiring on-demand insurable perils. Industry-wide, advances in big data are revamping the way risk assessments are created and used.
ATTOM fuels the migration to data-driven risk mitigation with one of the most comprehensive data warehouses available to the insurance industry.
The Insurance Industry’s Emerging Markets
Branching out from the typical homeowner’s insurance policy, new influencers and platforms are emerging in the insurance industry, which all look for big data to provide the most comprehensive and accurate assessment of a property.
Emerging Markets Include:
Enhanced Data and Technology Improves Insurance Industry
- Claims frequency analysis
- Adverse selection reduction
- Streamline inspection and loss/control decisions
- Better underwriting processes
- Improved tier placements
- Eligibility lines optimization
- Deduction creation
- Improve your ability to identify and market to targeted prospects.
- Increase conversion rates with relevant property-specific content.
- Facilitate easier conversion with form pre-population.
How Can Insurance Companies Use ATTOM?
Homeowner Insurance Underwriting
Renter’s Insurance Underwriting
Landlord Insurance Underwriting
Catastrophe Insurance Underwriting
ATTOM Client Case Studies
See how our customers are using ATTOM to fuel their innovation and growth.
DIMONT has nearly tripled productivity for processing flood insurance valuations by leveraging property data to automate parts of the process, allowing its internal subject matter experts to focus on what they do best.