This survey of 115 P/C executives indicates that more insurers continue to adopt predictive analytics in underwriting, but synchronizing strategies within an organization and sharing results with outside entities remains an issue.
39 insurers at the Valen Analytics Summit share what’s top of mind as they look to data analytics for modern underwriting strategies.
Predictive analytics can be one of an organization’s strongest assets. However, carriers may find themselves up against a wall when their underwriters resist the implementation.
We polled over 200 P/C insurance professionals to gain their insight into if a conflict exists between underwriters and actuaries, and if so, why.