A brief introduction to insurance underwriting and information advantage

May 2012
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A brief introduction to insurance underwriting and information advantage

At a glance

Insurers that use a broad range of underwriting information will have an information advantage over their competitors. The question for insurers to consider is whether their underwriting function will compete at an information advantage or disadvantage.

PwC research has found that insurers that are able to consistently leverage a broad range of underwriting information will have an "information advantage" over their competitors, and thus should be at the forefront of the industry when the underwriting cycle changes. Accordingly, the question for insurers to consider is whether their underwriting function will compete at an information advantage or disadvantage when that happens.