When it comes to automated underwriting, the sentiment among insurers is one of hopeful skepticism: They’re hopeful that all the data these systems supply will make their underwriters more efficient and accurate, but skeptical that it really will.
“There is certainly a tremendous amount of data for insurers,” says David Capps, an underwriting specialist at property/casualty insurer Liberty Mutual Insurance. “But the problem still lies in aggregating it.”
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