Shaping the future of specialty pricing: The power of data and analytics

Specialty insurance classes pose some of the most intricate pricing challenges in the insurance industry. Their rapidly evolving dynamics, coupled with their long-term nature, demand prices capable of standing the test of time. Gathering sufficient data for these specialty lines often proves difficult due to the nascent stage of many of these books and the inherent complexities in data collection.

Hyperexponential (hx) recently released a new report that explores how data and analytics are transforming specialty pricing.

In its latest research report, created in collaboration with InsurTech Insights, hx delves into these issues. It draws insights from underwriting and actuarial leaders from leading insurance companies such as Ms Amlin, AXA XL, Everest, HDI, Aegis, and Swiss Re.

Hx also addresses fundamental questions persistently faced by those conducting specialty pricing. Can a data platform provide solutions? How will superior data and analytics create a competitive edge? What do these advancements mean for specialty insurers?

Moreover, the report explores the potential benefits for underwriters and actuaries and envisage how their roles may evolve in the light of these developments.

Download the full report here.

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