How to Use HazardHub to Drive Profitable Growth and Portfolio Management | Connections 2023

As the industry's most comprehensive set of property and casualty risk data, HazardHub enables insurers to make better underwriting and pricing decisions. Our portfolio leverages the power of community, using over 1,200 use cases to help guide marketing and coverage decisions, and increase profit margins throughout the entire policy lifecycle. In this session we will use four real-world examples and HazardHub’s 5-Year Forecast Tool to show how carriers (with or without IT resources) can leverage third-party data to: Improve underwriting profit Increase retention of profitable business Identify new business opportunities with the biggest margins Develop more informed coverage offerings that boost customer satisfaction scores In the process, we will show how these use cases ultimately lead to lower loss ratios, increased retention, more new business, and annual growth in policyholder’s surplus. This session is ideal for any carrier seeking to improve their understanding of the true ROI of better data.
Connections 2023