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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> insurance underwriting

Insurers mining social networks: Opportunities and challenges

Posted by RJ and Makay on Oct 18, 2011

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As social media usage continues to rise among all age groups, insurers are paying more attention to large amounts of information posted by individuals that reflect their preferences, lifestyles, habits and neuroses.  Insurers can utilize this growing social data to create real-time risk profiles and shape more effective claims and underwriting operations, according to a new Celent report, “Using Social Data in Claims and Underwriting.”