Making data work for insurance- Garret Gray, Core Logic

03/22/24 • 54 min

The insurance industry has data everywhere but making it useful is a challenge. Garret Gray, President of Insurance Solutions at Core Logic has some ideas for what insurance professional need to consider when gathering data and using it.

In this episode:

Understanding the diverse data sources that provide insurance insights
Importance of good data and how it will create value with AI
How insurance companies look at tech in relation to existing business operations
Why the industry is not taking a long term view of pricing risk
How bias creep can influence decisions even with data
Podcast Philosophy

Garret has an amazing history as an entrepreneur and he shares his personal experiences with the incredible resources of Core Logic to help provide context to the ongoing insurance data revolution.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode:

Understanding the diverse data sources that provide insurance insights
Importance of good data and how it will create value with AI
How insurance companies look at tech in relation to existing business operations
Why the industry is not taking a long term view of pricing risk
How bias creep can influence decisions even with data
Podcast Philosophy

Garret has an amazing history as an entrepreneur and he shares his personal experiences with the incredible resources of Core Logic to help provide context to the ongoing insurance data revolution.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Previous Episode

Targeting Insurance Fraud in a Digital World

Insurance fraud is one of the biggest drivers of expense for the industry and Joel Stephenson, Director of Digital Intelligence for Intertel, explains the new realities in a digital world. With a background in law enforcement and accident re-recreation Joe talks about fraud, how it happens and what Intertel is doing to catch fraudsters with new artificial intelligence enhanced technology to find digital fingerprints.

In this episode:

Learn about social media audits
How third parties participate in insurance fraud schemes
The indicators of where fraud might occur such as income
The level of awareness by law enforcement of fraud
How synthetic ID and fake policies are used for fraud

Joe has an amazing story with how he came to Intertel look at fraud and what they are doing to help the insurance industry recover billions of dollars in expenses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Next Episode

Modernizing the claims and restoration experience

Claims and restoration is where the most policy holders determine the value of their insurance and Bill Dietz, President of Paul Davis Restoration Canada, talks about how to modernize and expand the value at a difficult time.

In this episode:

How to address service and expectations of insureds post CAT losses
Why investing in company culture has helped attract great talent
Using technology to provide transparency in the restoration process
How people are still the most important asset for a successful experience
Podcast Philosophy

Bill's experience and understanding of the restoration industry helps provide amazing context for how the industry at large can improve it's service and deliver value during a situation neither the insureds or their insurance company want to have.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.