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Insurance analytics trends for 2023. | WaterStreet Company

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January 3, 2023

What is Insurance Data Analytics? Big Data Uses in Insurance

Insurance analytics unlocks profound insights for insurers to make sense of their data. Without analytics, insurance professionals spend many man hours pouring over a combination…

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August 11, 2022

Underwriting: How to Measure and Improve Efficiency

Underwriting is among the most crucial areas of P&C insurance where efficiency and speed must be closely watched. Underwriting requires many unique approaches while finding…

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August 5, 2022

How to Evaluate the Size of Policy Products

When evaluating profit goals, the size of policy products can help unveil adjustments to pricing. When all factors total behind the cost of a policy,…

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August 4, 2022

Strike Rate: Understand the Driving Factors Behind Underwriting Acceptance

Strike rate is a common term used across many sports as well as in P&C insurance. This rating is used to score agents and brokers…

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July 29, 2022

How to Keep Track of Renewal Offers

Renewal offers can make or break an insurer’s predictable revenue. Many strategies can be used to entice renewals, or even discourage renewals. Insurance experts are…

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July 28, 2022

What Are the Most Critical Transactions for P&C Insurers?

Each step of the quote to issue process pushes a policy transaction closer and closer to completion. It’s essential for P&C insurers to stay on…

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July 22, 2022

How to Review & Track Revenue with Earned Premium

Earned premium is an essential benchmark for both Statutory statements and routine actuarial analysis. Analysis of earned premium can improve rate making and allows experts…

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July 21, 2022

How to Track Renewal Retention Rates & Why It’s Important

Insurance experts have to keep a keen eye on renewal retention rates as maintaining these rates ensures recurring revenue and predictability in revenue. A high…

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July 18, 2022

Loss Triangles: How to Find Ultimate Loss for Financial Statements

Loss triangles are among the most important and trickiest forms of reporting in the insurance industry. Insurance experts aim to use loss triangles to predict…

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July 8, 2022

How to Measure Written Premium & Annual Growth in Premium Details

Measuring direct premiums gives insurers a clear look at where revenue is coming from. This type of reporting is required and highly useful in many…

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