A Big Data Solution to Coverage Gap
White Paper Summary
Insurance is the vital backstop that keeps the business world spinning.
To make it work, underwriters need a clear loss history caused by well-defined risk events. But businesses are finding that loss comes in many forms that don’t always fit into neat parameters.
“There is a gap between the economic loss that an insured suffers from a given event, and the amount their property policy actually covers them for,” said Jamie Miller, Managing Director, Swiss Re Corporate Solutions. Increasingly, more damage is done to a company’s bottom line through business interruption, drops in revenue, and other non-physical impacts.
To learn more about Swiss Re Corporate Solutions, please visit their website.