Vlog with Alan O'Loughlin: Increased data volumes for insurance and building pathways for innovation

Insurers have always had access to big data, internal and external to the four walls of an insurance provider. What is key today is the ability to drive the necessary change process and make the data really actionable and ready to influence underwriting, rating, pricing, forms, marketing, and claims handling and how they ingest new data structures like text, voice, video, images and spatial data.

In this video, Alan O’Loughlin, Director of Statistical Modelling for UK&I and International Markets, Insurance, LexisNexis Risk Solutions, explains the rising volumes of data coming into the insurance world, and how his team works with the business to extract value from data.

It’s this data exploration process that lies at the heart of our new product development, and which ultimately helps insurance providers serve consumers in new ways.