Insurance
Quality Data. Speedy Delivery. Improved Assessment.Big Data and Technology Disrupt the Insurance Industry
The insurance industry is evolving. Property and casualty insurance now benefit 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 property data to provide the most comprehensive and accurate assessment of a property.
Emerging Markets Include:
Agencies or brokers who represent one or more insurance companies and write policies for specific circumstances.
Technology firms that build platforms or applications supporting workflow, better user experience, interactivity or end customers’ policy management.
Underwriters who assess risk for insurance companies and pay claims when they are filed.
Analytics firms that ingest and crunch data to determine type and levels of risk that influence the way insurance companies may quote or write policies.
Enhanced Data and Technology Improve the Insurance Industry
Improved Analysis
- Claims frequency analysis
- Adverse selection reduction
- Streamline inspection and loss/control decisions
Improved Processes
- Better underwriting processes
- Improved tier placements
- Eligibility lines optimization
- Deduction creation
Enhanced Marketing
- 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.
Disrupting the Insurance Industry with Property Data
Don’t miss this insightful webinar, as Jennifer Carrillo, Sr. Director of Enterprise Solutions for ATTOM, offers an in-depth look into the world of big data and how it is disrupting and improving the insurance industry. Jennifer will provide insight into all the various data products that comprise our table of data elements and how insurance companies turn to ATTOM to improve processes and enhance risk assessment.
A few of the key points that will be covered in this webinar include:
- Quote Engine Prefill
- UW/Risk Analytics
- New Business Marketing
- Portfolio Monitoring
- Derivative Products
- And more….
How Can Insurance Companies Use ATTOM?
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.
A Variety of Solutions for Your Data Needs
Click here to get in touch with a data expert today and find out how your business can access ATTOM’s comprehensive property data via a variety of flexible formats, such as:
- Cloud Delivery
- ATTOM Nexus
- AI-Ready Solutions
- Property Data APIs
- Bulk Data Licensing
- Property Navigator
- Neighborhood Navigator
- Real Estate Market Reports
- Match & Append
Discover ATTOM and view our Table of Data Elements.