Commercial lines underwriting has undergone rapid transformation in recent years, as insurers implement data-first strategies to try to make faster and more refined decisions. But as the amount of information on businesses continues to grow, finding the data you need and generating relevant insights can be a major challenge.
We recently spoke with Ron Biederman, Vice President of Commercial Lines Coverage Products at Verisk, to discuss data-first underwriting in commercial lines. Ron explores strategies and tips for success and why the role of the human underwriter is becoming even more critical in a data-first environment.
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