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Data Acquisition and Usage Trends
UK Insurance Survey (2015)
Conducted by Earnix and Verisk Insurance Solutions
This first of its kind survey shows that the use of external data for modelling in personal lines insurance is expected to grow 2-5 times over the next three years, challenging insurers to act quickly on new data sources.
With over 20 figures and charts, this detailed report includes answers to questions such as:
- What are the expectations for growth in the use of external data over the next 1-5 years?
- Which data types are most commonly used by brokers and carriers?
- Which emerging data sources are expected to grow at the fastest rate over the coming years?
- How long does it take carriers and brokers to incorporate new data types into their models?
And many more…
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