About This Event
Are you looking to grow in new classes or geographies? Are you looking to start a new book of business? Or, do you simply want to understand broad trends better? It’s tough to build models when you lack data. This presentation will show you how you can use interesting external data sets reported by cities, from statutory returns and other sources to supplement your own data, with examples. Please come with the willingness to be creative, scrappy, and think outside-the-box. Key messages include:
- If you have no traditional claims and exposure data, you can get creative in using publicly available data sources. Insurtechs have done this with great success, and you can too.
- You will have to be creative and resourceful in using this data, and we have some tangible examples of creative use cases.
- Supplementing industry standard models with non-traditional data to develop your company’s own view of risk.
