In Depth: Underinsurance - data, analytics and trading
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Sam Barrett explores how new technology is helping to prevent underinsurance and boost trading
With around three quarters of properties underinsured, it’s time for the insurance sector to take some of the guesswork out of determining how much cover is needed. By using more data and analytics within the underwriting process, policyholders can have greater certainty the sum insured is accurate and they’re covered if they do need to make a claim.
“The conventional process of asking a policyholder to set the sum insured doesn’t work,” says Jason Chambers, head of underwriting automation, at
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