96 Auto-Owners Insurance, a prominent property and casualty insurer in the United States, has embarked on a transformative journey in its underwriting operations by partnering with Carpe Data, a renowned provider of small commercial data solutions. This collaboration aims to streamline the underwriting workflow and usher in a new era of efficiency and excellence in small business underwriting. Recognizing the importance of refining its appetite for straight-through-processing (STP) while maintaining balanced loss ratios, Auto-Owners sought innovative solutions to enhance its underwriting processes. In response, the company turned to Carpe Data’s Minerva commercial data solution, known for its prowess in providing actionable business intelligence. Carpe Data’s Minerva team worked closely with Auto-Owners to infuse their existing underwriting processes with cutting-edge data analytics. Leveraging advanced data sources, such as online customer rating indexes, visibility scores, and evidence-based risk characteristics, the partnership aimed to uncover key indicators of business strength and loss propensity. Additionally, Carpe Data’s solution offered aggregated scores that amalgamated various attributes to drive business value and informed decision-making. In essence, the partnership between Auto-Owners Insurance and Carpe Data signifies a strategic step towards modernizing underwriting practices and embracing data-driven insights to drive business success in the small commercial insurance landscape. You Might Be Interested In Julius Baer Appoints Stefan Bollinger as New CEO Amidst Recovery from Signa Scandal New York Community Bank Shares Plunge Following $2.4 Billion Earnings Setback Sony Group and Others Considering Infocom Buyout, Reports Bloomberg News Intel Missed Key Opportunity with OpenAI, Struggles to Keep Pace in AI Era Disney and Reliance Gain Regulatory Approval for $8.5 Billion Merger, Transforming India’s Media Landscape NTSB Probes Southwest 737 MAX “Dutch Roll” Incident
