Where Insurers Fear to Write: Using Data to Better Manage Cat-Risk in Real-Time

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Insurance Insider

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The use of Catastrophe Models has become commonplace for assessing portfolio risk, but their use at the point of underwriting has remained a challenge in residential and commercial lines. In this segment, there is a fine balancing act between use of robust analytics and the need to provide near instant quotes to customers. With property insurers facing increasing pressure from the growing frequency and severity of natural catastrophes, some insurers have stopped writing new business altogether while others have seen an opportunity to grow and expand, even in challenging territories. Data can help underwriters to better select and price risks. The most advanced organizations are embedding cat-model losses at the front of the process, refining location decisions based upon a property’s risk characteristics and introducing consistency across the insurance value chain. Join Insurance Insider, in partnership with Moody’s RMS, for a free webinar 10:30 ET/3:30 BT on June 27, as we take a deep dive into how Location Intelligence is improving underwriting even in catastrophe-prone areas. Speakers include: Alok Kumar, Global Head of Analytical Services and Managing Director, Moody’s RMS Patrick Blandford, Founder & CEO, Green Shield Risk Solutions Jessica Huss, VP – Property, Corporate Commercial Underwriting, Hanover Insurance Group Jeff Hay, SR VP, Chief Underwriting Officer, Donegal Moderator: Meg Green, Senior Editor, Insurance Insider
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