A Conversation with Justin Roberts and Hank Barbe Hurricane season kicked off on June 1, and 2021 is projected to be another above-normal year. Last
Big data and technology are disrupting risk-assessment norms, and insurers are rethinking how they fundamentally conceptualize risk itself. Traditionally, the focus was on the size or severity of claims—not the probability that there would be a claim in the first place. This incomplete concept of risk affects market share with insurers leaving potential profits on the table.
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