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๐Ÿ›ก๏ธ ๐—œ๐—ป๐˜€๐˜‚๐—ฟ๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ก๐—ฒ๐—ฒ๐—ฑ๐˜€ ๐—–๐—น๐—ฒ๐—ฎ๐—ป ๐——๐—ฎ๐˜๐—ฎ, ๐—ก๐—ผ๐˜ ๐—๐˜‚๐˜€๐˜ ๐—•๐—ฒ๐˜๐˜๐—ฒ๐—ฟ ๐—จ๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜„๐—ฟ๐—ถ๐˜๐—ฒ๐—ฟ๐˜€ ๐Ÿ“Š

  • Writer: Vexdata
    Vexdata
  • 4 days ago
  • 1 min read

Updated: 10 minutes ago


We talk a lot about training underwriters, hiring experts, and improving underwriting modelsโ€”but what about the foundation all these depend on? Your data.



๐—œ๐—ณ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฑ๐—ฎ๐˜๐—ฎ ๐—ถ๐˜€ ๐—ถ๐—ป๐—ฎ๐—ฐ๐—ฐ๐˜‚๐—ฟ๐—ฎ๐˜๐—ฒ, ๐—ถ๐—ป๐—ฐ๐—ผ๐—บ๐—ฝ๐—น๐—ฒ๐˜๐—ฒ, ๐—ผ๐—ฟ ๐—ผ๐˜‚๐˜๐—ฑ๐—ฎ๐˜๐—ฒ๐—ฑ:


โŒ Even the best underwriters make the wrong calls.


โŒ Premiums are mispriced.


โŒ Claims get delayed.


โŒ Regulatory risks skyrocket.



๐—ง๐—ต๐—ฒ ๐˜๐—ฟ๐˜‚๐˜๐—ต ๐—ถ๐˜€:


๐Ÿšจ Dirty data undermines even the smartest people and processes.



๐—ง๐—ต๐—ถ๐˜€ ๐—ถ๐˜€ ๐˜„๐—ต๐—ฒ๐—ฟ๐—ฒ ๐—ฉ๐—ฒ๐˜…๐—ฑ๐—ฎ๐˜๐—ฎ ๐—ฐ๐—ผ๐—บ๐—ฒ๐˜€ ๐—ถ๐—ปโ€”๐—ฒ๐—บ๐—ฝ๐—ผ๐˜„๐—ฒ๐—ฟ๐—ถ๐—ป๐—ด ๐—ถ๐—ป๐˜€๐˜‚๐—ฟ๐—ฒ๐—ฟ๐˜€ ๐˜๐—ผ:


โœ… Automatically validate and cleanse incoming data


โœ… Ensure consistent, high-quality information for underwriting decisions


โœ… Reduce manual interventions and operational costs


โœ… Protect compliance and boost customer trust



๐—•๐—ฒ๐—ฐ๐—ฎ๐˜‚๐˜€๐—ฒ ๐—ฏ๐—ฒ๐˜๐˜๐—ฒ๐—ฟ ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜„๐—ฟ๐—ถ๐˜๐—ฒ๐—ฟ๐˜€ ๐—ฑ๐—ฒ๐˜€๐—ฒ๐—ฟ๐˜ƒ๐—ฒ ๐—ฏ๐—ฒ๐˜๐˜๐—ฒ๐—ฟ ๐—ฑ๐—ฎ๐˜๐—ฎ. ๐——๐—ผ๐—ปโ€™๐˜ ๐˜€๐—ฒ๐˜๐˜๐—น๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐—ด๐˜‚๐—ฒ๐˜€๐˜€๐˜„๐—ผ๐—ฟ๐—ธ ๐˜„๐—ต๐—ฒ๐—ป ๐˜†๐—ผ๐˜‚ ๐—ฐ๐—ฎ๐—ป ๐—ฏ๐˜‚๐—ถ๐—น๐—ฑ ๐—ผ๐—ป ๐—ฎ ๐˜€๐—ผ๐—น๐—ถ๐—ฑ, ๐—ฟ๐—ฒ๐—น๐—ถ๐—ฎ๐—ฏ๐—น๐—ฒ ๐—ฑ๐—ฎ๐˜๐—ฎ ๐—ณ๐—ผ๐˜‚๐—ป๐—ฑ๐—ฎ๐˜๐—ถ๐—ผ๐—ป.


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