This might seem self evident as a statement and something that has been happening for years. We live in an age of big and increasingly bigger data. Why don't we use it better? XL Catlin has identified the marine market as one area where data is becoming increasingly useful. One problem in the past has been capturing the data and, once captured, understanding what it tells you.
At Charles Taylor InsureTech we have been working on bringing innovative MI solutions to market. In delegated underwriting the analytic capabilities from our data refinery, coupled with the latest business intelligence capabilities give unparalleled insight into the total
The more data we have, the better we can understand the risk, but the challenges are in collecting the data