U.S. auto insurance industry showing 'signs of revolution'

“When you consider all the variables at play, I do think the assertion by LexisNexis Risk Solutions that we are in a revolution of sorts in the insurance industry is apt,” Karlyn Carnahan, head of insurance, North America, at Celent, said in a release. “Like no time I can ever recall, insurers are reliant on data and analytics to not only assess risk, but also to provide a more seamless experience for the customer from point of quote all the way through the claims process. Across the insurance continuum, data is oil that keeps the engine running.”

Read more via PropertyCasualty360