Allstate looks to innovate in underwriting

Allstate will be implementing UnderwritingCenter platform, developed by Austin-based Myriad Development, as it looks to integrate third party data and better evaluate personal lines risks. According to Myriad Development CEO Chris Roussel, using this platform will allow Allstate “to leverage technology innovation and information outside of the organization to produce better results, better serve agency partners and provide the best service possible to the insured.” Here’s to not judging a book by its cover…

Speaking of third party datasets, this is exactly where players like Carpe Data (P&C and life) and DataCubes (commercial lines) come into play. Look here and here.