Personal lines insurance, data usage and pricing

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As the applications of data sources increase and improve, it pays for personal lines insurers to learn how to adapt in order to underwrite risks and assess claims probabilities.

This article focuses on data usage within personal lines and looks at how data has evolved over the past 40 years.

Topics covered:

- Traditional home and motor insurance underwriting methods.

- The evolution of technology, data and risk assessment.

- Gaining a competitive advantage by using evolving data sources including real time data, fraud and credit bureau information.