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Data-led underwriting for commercial insurance

8 MINS READ

Reni Parameshwaran

Enterprise Architect, Banking, Financial Services, and Insurance

Sayantan Datta

Senior Research Analyst, Corporate Market Research

Highlights

  • The commercial insurance underwriting function is grappling with talent shortage and increasingly demanding customers. 
  • Insurers need to invest in infrastructure that can analyze data from internal sources as well as external partners or open data platforms using application programming interfaces (APIs).
  • An analytics-backed underwriting platform allows commercial insurers to leverage their wider market reach and greater understanding of risk data to generate increased sales and new business opportunities.