Dig deep for data: an effective data analysis environment helps insurers target the most likely clients and find a way to attract them

Article Abstract:

Underwriters are advised to exploit technology for segmentation purposes. A technology infrastructure is necessary to enable examining prospective and current risks along each dimension. Underwriters should have a good data strategy and the necessary tools to understand the data. An effective data analysis environment should also enable the identification of opportunities when lower premiums can be charged and where people are likely to purchase your products.

Insurance Agencies and Brokerages, Insurance agents, brokers, & service, Insurance Agents & Brokers, Marketing, Information management, Market segmentation, Insurance agents

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EDI initiative launched for reinsurers and brokers

Article Abstract:

The RINET insurance and reinsurance network has been valuable in organizing and supporting electronic data interchange (EDI). The network helps its members understand and use EDI through its subscriber service with the Insurance Value Added Network Services. RINET has also developed reinsurance standards, which are recognized around the world, that govern the use of EDI technology.

INSURANCE CARRIERS, Usage, Information services, Electronic data interchange, EDI (Electronic data interchange)

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