DAILY NEWS Nov 28, 2012 2:08 PM - 0 comments

Gore Mutual's new "big data tool" aims to deliver faster decisions to brokers

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2012-11-28

Gore Mutual Insurance Company announced Wednesday that the company has fully implemented Outside Intelligence’s (OIQ) Risk Discovery Platform to support its commercial underwriting operations, a move expected to provide more timely service to brokers.

OIQ is search-based application whose platform and applications compile data from a number of internal and external sources, notes a statement from Gore.

“We are pleased to be one of the first companies to be utilizing a ‘big data’ tool within our underwriting process,” Anna McCrindell, vice president of commercial insurance solutions at Gore, says in the statement.

Gore reports that the technology provides access and interpretation of a large amount of data to underwriters in minutes, giving them additional insight into the risks they write. It is anticipated the platform will save time for new business quotes and renewals, as well as assist in the ease of doing business with brokers.

“Gore is pleased to be leveraging technology that enables our commercial underwriters to deliver decisions on submissions faster to our broker partners,” McCrindell says.

“The business and IT departments worked quickly to seize the competitive opportunity and together, we implemented and rolled out the technology to their end users in record time. We look forward to a long and successful relationship,” adds Dan Adamson, CEO of OIQ.

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