by Bret Stone | Sep 1, 2020 | Blog, Data & Analytics
I’ve worked in the insurance industry for more than 20 years, spanning the spectrum of the insurance value chain from broker to modeler and now solution provider. Along the way, I’ve witnessed how technology has enabled the practices of exposure management,...
by Kirstin Marr | Aug 28, 2020 | Data & Analytics
As the industry continues to grapple with the impacts of COVID-19, insurers are leaning further into digital transformation, understanding the importance of leveraging technology platforms that can swiftly incorporate new forms of data and analytics to help them...
by Bret Stone | Aug 28, 2020 | Data & Analytics
Right now, insurers are scrambling to understand the lashing Hurricane Laura has reaped on their portfolios. For some carriers, it can be an all-data-hands-on-deck, 24/7 effort to continuously process the latest datasets from multiple providers (e.g. NOAA, KatRisk,...
by Bret Stone | Aug 25, 2020 | Blog, Data & Analytics
When catastrophes strike, you have no time. You’re under pressure to quickly understand the financial impact of an event and provide estimates to management. At the same time, you (and your team) are constantly tracking the event, processing hazard data, making sure...
by Bret Stone | Aug 18, 2020 | Blog, Data & Analytics
Our industry is facing two major problems related to hazard data: There are more hazard and event data providers producing higher resolution footprints for a larger number of catastrophic events than ever before. This new quantity and quality of data is difficult...
by Bret Stone | Aug 12, 2020 | Blog, Data & Analytics
While Hurricane Isaias may be in the rearview mirror, recovery efforts are just beginning. With an estimated $4 billion in insured losses, P&C insurers must now turn their attention to understanding Isaias’ financial impact and quickly servicing customers. To do...
