Hit the Gas: How to Find High-Quality Data Providers to Accelerate Small Commercial Underwriting

Overview

According to Harvard Business Review, low-quality data costs U.S. businesses $3.1 TRILLION each year.

Especially for insurance carrier and MGA underwriters, it’s essential to have high-quality data. Injecting low-quality data into an underwriting workflow can create a host of downstream problems:

  • Misclassifying risks
  • Adverse selection
  • Compliance risks
  • Inefficient workflows

Read this whitepaper if you’re looking to automate your underwriting process and capture more small commercial business. You’ll get more info about how to recognize low-quality underwriting data, as well as the top 6 things to look for in a quality data and analytics partner.