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Loss Insight for Insurers

Boosting risk assessment initiatives.
OVERVIEW
  • Successful insurance carriers must understand the risk profile of their insureds. This data can help insurers avoid excessive claims payouts, improve underwriting efficiency and refine rates for coverage. But what happens when insurers expand to new areas? What intel can guide their decisions?

  • Zywave’s Loss Insight can help fill in the gaps. This comprehensive data set provides a clear view of risk in four prominent categories. What’s more, this data can feed into underwriting and actuarial models, helping insurers sustainably expand premium opportunities without blindly assuming risk.

Features + Benefits

Give data modeling the power to harness the unknown.

Industry-Leading Data Set

Loss Insight contains over 1 million historical loss records covering more than $3 trillion in loss value. Cyber, casualty, directors and officers (D&O), and employment practices liability insurance (EPLI) losses are included within the data set.

FTP Delivery Format

Records are delivered via FTP format for easy configuration with external business intelligence systems.

Model-Ready Configuration

The database can be searched by geography, company size, company type, sub-industry and coverage type. Intersected time series data is also available for businesses with more than $500,000 in sales.

Risk Visibility

Risk assessors can maintain a complete picture of loss activity for a sector, regardless of whether claims were filed or not.

Record Validity

Data records are sourced from the public domain and are clear of concerns regarding errors and omissions. The database is regularly refreshed and validated.

Modeling Potential

Insurers can combine Loss Insight data with their internal loss records, adding dynamic risk analysis to their underwriting and actuarial models.

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More Resources
Loss Insight for Insurers Info Sheet
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