Big data impacting insurance underwriting

Ryan T. Fulmer

When you think of insurance, you probably think of Geico’s Gecko and Progressive Insurance’s Flo. Your investment portfolio may own one or more insurance companies. Some familiar companies include Cincinnati Financial, Chubb Insurance, Travelers Insurance and MetLife.

When you think of insurance, you probably think of Geico’s Gecko and Progressive Insurance’s Flo. Your investment portfolio may own one or more insurance companies. Some familiar companies include Cincinnati Financial, Chubb Insurance, Travelers Insurance and MetLife.

There are two main categories of insurance companies. Property and casualty insurance covers damage in the event of a car accident or a house burn down. These policies also include liability for damages caused by you to others or their property. You also likely have life insurance, which insures you against the risk of unexpected death, and usually pays a benefit to your spouse or children when you die.

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