Manage risk with clarity and confidence using web data for insurance
Improve underwriting decisions & forecasting models, understand competitor policies & pricing, and combat insurance fraud with the world’s #1 web data platform
Perfect your underwriting decisions & risk forecasting models
- Extract insurance data to inform underwriting and to ensure your terms are reasonable for your customers
- Create more accurate risk forecasting models with social media data related to customer behavior
- Predict a company’s profitability, a vehicle’s safety or true market price, or a customer’s liability before deciding to move forward
- Get automated streams of data from government, news, construction and building plans, and more to ensure accurate and rapid decisions
Combat insurance fraud & conduct accurate policy indemnification
- Be alerted to potential fraud by collecting social media data related to a claim and claimant’s behavior
- Determine the true value of insured property & goods to pay accurate indemnities by collecting real-time data on their market value
- Create loss inventories for insurance claims and then price the items on these inventories providing an amount, vendor, and URL for each item
- Verify insurance claims data by collecting data on health workers from public databases by location
Compare competitor insurance policies & pricing
- Collect competitor pricing from competitor and aggregator websites to develop dynamic pricing models
- Extract data on policy terms based on location to understand competitor strategies
- Keep tabs on customer reviews to understand sentiment and the impact of marketing campaigns