Leverage Dynamic Weather Data to Streamline Underwriting, Risk Selection, and Claims Processing

[IT News Bot]

Between 2017 and 2019, there were 638,000 claims resulting from hail damage in the state of Texas alone. To make matters more complicated, 50% of hail claims go undetected for up to 18 months. That adds up to significant costs for insurance companies. How can insurers get a clearer picture of past, present, and future … Continued
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Source: https://www.precisely.com/blog/data-enr ... processing