Loss Runs have forever been and continue to be a mess.
Underwriting requires them…
Agents and brokers order them…
They arrive at the underwriters, who look at them…
And they are completely unstructured pdfs that have no standard date sets, no standard terminology. Every company is generating them in their own way and its up to the evaluating underwriting team to make sense of them.
In this episode of Profiles in Risk, Tony discusses this topic with Scott Knowles, CEO of Loss Scan. Scott is no stranger to Profiles in Risk, having been interviewed way back in Episode 108! Scott was the founder of Modgic (recently acquired by Zywave) and is back at it with Loss Scan to solve the pesky but persistent problem with managing disparate and unstructured pdf files into structured and useful.
CONNECT WITH SCOTT KNOWLES:
About Nicholas Lamparelli
Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist.
Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist.
