The insurance industry relies on accurate underwriting to remain profitable, and underwriters have always relied on data to make decisions. In today's digital world, there is more data available to the underwriter than ever before. This is both a blessing and a curse as underwriters typically have to rely on outdated and generalized research methods to sort through mountains of information.

The term underwriting is credited to renowned Lloyd's of London. In the early days of Lloyd's, this term meant an acceptance of a part or entire risk of an event in exchange for a premium. Since then, the term has evolved with ever-changing circumstances. Insurance underwriting has always relied on data to make decisions. To be in sync with today's fast-paced and volatile world, underwriting is once again on the cusp of change.