Meghan Anzelc, Ph.D. shared a prior experience generating insights to answer the question “What Innovative Approaches to Analyzing Insurance Data Yield Unexpected Insights?” published today.
“While working at an insurance carrier, my team once searched commercial vehicle data to filter by elite car makes and models. We hadn’t expected to find much and were surprised to discover that there were a number of commercial auto policies with elite luxury vehicles on them. From there, my team looked at the associated driver data and found a few policies where young drivers had been added to the commercial auto policy, usually with the same last name as the business owner. We were able to put our findings into a report for the commercial auto underwriting team so they could review them further and decide whether to take any action with their customers.”
Read the full article on Insurtech Tips.