Case Study: Intact Insurance improves underwriting performance with Nomad Data

Actuarial Analysis Team Finds Success with Nomad Data

Intact Insurance, Canada's largest home, auto, and business insurance company, sought to improve its underwriting process across several insurance lines. Their challenge was efficiently discovering the right external datasets for a wide range of topics. They turned to vendor Nomad Data and its platform to automate this discovery process.

Using Nomad Data's platform, an Actuarial Analyst submitted requests that were anonymously routed to relevant data vendors. Over three months, the insurer submitted thirteen requests and quickly received tailored responses. The solution was highly effective, resulting in the company being in deep evaluation or negotiation with eight different vendors to enhance their underwriting performance.

Intact Insurance