Data opportunities in a hard market

Demand for insurance currently exceeds supply – which is a challenging environment in which to make accurate risk assessments. As a result, rates are going up and it looks like the hard market may be with us for some time.

What can insurers do to mitigate this risk? Some champion data as the route through the hard market, but how can insurers know which data to trust? How are innovative insurers using social media, weather, mobile and other data sources to create a detailed understanding of their customer base?

Our panel of experts will weigh in on ways to minimise the effects of the hard market and create new opportunities for underwriters with data.

If the hard market is here for the foreseeable, what are some good underwriting practices to be doing now?