‘Uncertainty loading’ caused by unclear data can add up to 10% on insurers’ premiums

Ben Rose

This lack of ‘solid data’ to underpin artificial intelligence tools in the reinsurance industry is ‘akin to building a house on very shaky foundations’, adds president

Insurers that submit unclear or inconsistent data to reinsurers when trying to obtain coverage could then face a premium uptick of up to 10% thanks to “uncertainty loading”, according to Ben Rose, president at reinsurance technology platform firm Supercede.

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