CONTACTS:
FOR IMMEDIATE RELEASE
OLDWICK - MARCH 29, 2017 03:17 PM (EDT)
In this A.M.BestTV episode, insurers at the RMS Exceedance 2017 conference in New Orleans, LA, said insurers’ abilities to capture increasing amounts of data are leading to new ways to identify risk and focus on products. Click on http://www.ambest.com/v.asp?v=exceedance317 to view the entire program.
“If you have the ability to collect the information on how the structures are put together and what their resilience features are, then you have a data set, which can be mined year after year to see how those performances differ from others,” said Anne Cope, vice president, research, Insurance Institute for Business and Home Safety. “That would be a wealth of information people could capitalize on.”
Looking to how to best use big data in analytics, Luis Brito, catastrophe modeling specialist, IRB Brasil, RE, said: “Analytics is something that can be used to analyze trends in a specific market or line of business. With that kind of information a company would be able to translate that information into new products, which could be marketed.”
Other people that appear in this episode:
For full coverage of the conference, including exclusive executive interviews, visit http://www.ambest.tv/exceedance17 .
Recent episodes of A.M.BestTV include:
A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html . View A.M.BestTV episodes at http://www.ambest.tv.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source.