Tag: insurance underwriting

Underwriting, Assessing Risk, Big Data

Underwriting, Assessing Risk, Big Data

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 »