How insurers can use big data to manage the COVID-19 pandemic

By PropertyCasualty 360

To take advantage of big data technology, insurance managers and underwriters need to first understand how to leverage its power in supporting their specific needs.

Caught between higher demands and tightening supply, insurers have begun looking to technology solutions to compute adequate rates and come up with new types of coverage, such as parametric insurance, while also ensuring their own underwriting profitability.

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