CB Insights
OCTOBER 26, 2020
The traditional underwriting process to buy life insurance is often painful for customers and costly for insurers. The post How Alternative Data Could Improve The Life Insurance Underwriting Process appeared first on CB Insights Research. Want the full expert post? Want the full expert post? Become a CB Insights customer.
CB Insights
MAY 17, 2023
Loan underwriting is a slow and complex process, due to insufficient data for credit scoring, stringent risk management requirements, and highly manual processes. The post 91 companies digitizing and accelerating the loan underwriting process appeared first on CB Insights Research. Fraud is also a concern.
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PYMNTS
MARCH 10, 2020
Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack. At the root of the matter is often a lack of predictive data to ascertain the creditworthiness of these small- to medium-sized businesses (SMBs). Improving The SMB Lending Experience.
CB Insights
JULY 22, 2022
What are underwriting data platforms? Underwriting data platforms collect third-party alternative datasets, such as social media, public records, and demographic information. Insurers can tap into these data sources to augment their own internal datasets — with the goal of improving and expediting underwriting decisions.
PYMNTS
APRIL 29, 2020
Our research shows that 92.9 percent are doing so in credit underwriting. percent of FIs reported using AI in credit underwriting.”. The second-most common application is credit underwriting, as 71.4 Our research shows that 43.7 Our research shows that 43.7 Decisions, Decisions. percent), authentication (61.5
CB Insights
JUNE 25, 2020
Property & casualty (P&C) underwriting is trapped by paper and a lack of robust datasets. The post 9 Startups Bringing Technology And Data To P&C Underwriting appeared first on CB Insights Research. This increases costs and creates opportunities for error. Want the full post? Become a CB Insights customer.
PYMNTS
DECEMBER 7, 2020
Digital Black Friday sales this year hit $9 billion, a 22 percent increase from 2019 figures, according to recent Adobe research. But according to Pero, banks aren't always equipped to fulfill online sellers' working capital needs due to their legacy underwriting processes. They're not looking at the future.".
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