New survey explores how U.K. insurers are acquiring and using external modeling data

Earnix and ISO, a Verisk business, recently conducted a survey on external data acquisition and usage with U.K. insurance professionals whose companies provide personal lines coverage.

The survey results provide answers to a number of questions, including:

  • How important is external data to insurers developing predictive models?
  • What emerging and external data sources are critical to keep up with competitors?
  • What emerging data types do insurers expect will grow the most in the next three years?
  • How much more do insurers expect to spend on external data in the near future?
  • What are the greatest challenges that insurers face in adopting new data types?
  • How long does it take insurers to incorporate new data types into their underwriting models?

UK Insurers

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