As traditional data sources become less and less relevant in the face of newer, real-time data sources, insurers are increasingly looking to alternative data providers for next-generation insights and deliverability. But how do they know what to look for?
According to the Aite Group, the main pillars any insurer should look for in quality emerging and alternative data providers include:
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Carpe Data harnesses the power of emerging and alternative data for insurance carriers around the globe through powerful, proven AI. Through access to continuous monitoring and predictive scoring, insurers gain deeper insight into risks in real-time and significantly enhance many aspects of the insurance life cycle including underwriting, claims, and book assessment.