The people who act as the information prospectors and information miners for U.S. insurers have spent the past three days trying to improve their techniques from separating the gold from the sand.
Members of the Society of Insurance Research (SIR) talked about data gathering and data sifting ideas this week at SIR’s 49th annual conference. The three-day conference started in Charlotte, North Carolina, Sunday and is ending today.
Property and casualty insurers dominate the Minneapolis-based group’s board and conference track session, but the group has a life/health conference track. Mike Myers of USAA leads the SIR annual conference committee’s life/health track.
Myers is also SIR’s 2019-2020 president-elect.
The list of top conference sponsors and exhibitors includes many of the companies that help insurers run polls, tap public records databases, gather and analyze financial data, and organize all of the available information. Some of the companies that might be familiar to life, annuity and health issuers are A.M. Best, Conning, Corporate Insight, Greenwald & Associates, Jornaya, LexisNexis Risk Solutions, Mintel, S&P Global Market Intelligence and TransUnion.
The SIR Conference Life and Health Sessions
During the life/health track sessions, held Monday, Robert Lajdziak of J.D. Power talked about strategies for using data to improve customer service.