While Big Data Is a Boon for the Insurance Industry, It Is Crucial for the Reinsurer There’s a reason big data and technology are disrupting the insurance industry. Ultimately, knowledge – or data – is power. ATTOM datasets help power analysis and limit the liability for reinsurance companies. Here’s how. How profitable a reinsurance company… Read More »
Big Data and Insurance: How Home Insurers Can Bring Greater Speed and Accuracy to Their Loan Underwriting Processes by Utilizing Property Characteristics Just like the real estate industry before it, big data is slowly revolutionizing the home insurance industry. When it comes to underwriting, big data and insurance data analysis allows tech-savvy home insurers to… Read More »
Imagine knowing that someone is thinking about selling their house even before they’ve talked it over with their family. If you’re a real estate agent, that knowledge could be priceless. The power of artificial intelligence today means that companies can use predictive analytics to help people in a variety of industries make forward-thinking products and… Read More »
Catastrophes have rewritten the rules of the insurance game. Before Hurricane Andrew, in 1992, insurers essentially guessed at what the financial damages would be if a disaster struck. Turns out, they drastically underestimated what the losses might be. And they suffered the consequences. Smart underwriters don’t guess. They use the kinds of cutting-edge parcel mapping… Read More »
Looking for the lowest priced properties in good neighborhoods for your next purchase? Buying a house is the biggest investment you’re likely to make in your entire life. Finding a house you’ll love isn’t that hard. Who hasn’t shopped for a house, found the perfect one, only to be disappointed when you discover you can’t… Read More »
