ANN ARBOR, MI and ATLANTA, GA, January 9, 2019 – Groundspeed has been featured in the CB Insights P&C Insurance Trends in 2019 report – a report that looks at 15 of the most prevalent P&C insurance trends of the year. As examined in the report, CB Insights used their “NExTT” framework to consider trends’ market strength and industry adoption, categorizing the trends as necessary, experimental, threatening, or transitory.
Groundspeed is discussed in the report under the “threatening” category, and the document brings light to how commercial data automation allows insurers to tap into the value found in unstructured and semi-structured data. CB Insights dives into this topic by explaining that through unlocking data within unstructured documents like PDFs, insurers, reinsurers and brokers may now improve underwriting efficiency and automate submission capture in order to identify pools of profit and loss exposure shifts in the market. In this section, the report references the use of Groundspeed technology to enable brokers to gain incredible insight into underwriting profits.