Finding the Best Data Aggregators for Your US Market

Insurers rely heavily on data and analytics to make informed decisions. However, identifying the best data aggregators for your specific needs can be challenging. In this guide, we will explore top providers and the steps to find the best data aggregators in the US.

Key Areas of Focus

When determining which data aggregators to approach, it is crucial to first outline the specific areas of your business you wish to enhance. Some of the key areas include risk management, forecasting, pricing, sales and marketing, underwriting, and retention. Additionally, consider expanding into life insurance and investments, or healthcare and personal accident insurance.

Top Data Aggregators in the US

Start by exploring established providers such as Experian US, a leader in risk assessment and credit reporting. Experian offers a comprehensive range of data solutions that cater to the insurance industry, including market research, sales and marketing tools, and risk management services.

Telematics Solutions

For telematics data, Sprint Velocity is a valuable resource. Sprint Velocity offers advanced telematics data and services that provide detailed insights into driving behavior, helping insurers to accurately price policies and manage risks effectively.

Broad Insurance Analytics

When it comes to broader insurance analytics, Progressive is a renowned choice. With a focus on innovation and customer service, Progressive leverages advanced analytics to offer comprehensive insights into various insurance segments. Engaging with companies like Progressive can provide you with detailed data sources and analytics tools that can drive your business forward.

Networking Opportunities and Conferences

To discover more data aggregators and to gain insights into their services, consider attending industry conferences and networking events. These events offer valuable opportunities to meet thought leaders, industry experts, and potential partners. By speaking directly with these providers, you can learn about their data aggregation processes and identify which services align with your business needs.

Direct Engagement with Providers

Do not hesitate to reach out to data aggregators directly. Whether through phone calls, emails, or in-person meetings, discussing your specific requirements with these providers can help you identify the most suitable data sources. They will be able to tailor their services to your needs and provide you with insights into how they gather and compile their data.

Additional Providers

While the providers mentioned above are well-established, there are other data aggregators that service specific industries. A simple Google search can help you find more suitable options. Here are a few examples to get you started:

Experian: Offers a wide range of data solutions for the insurance industry, including market research and risk management tools. Acxiom: Known for their advanced marketing solutions and data management services. Oracle Data Cloud: Provides a comprehensive data platform for various industries, including insurance. Nielsen/Exelate: Specializes in market research and consumer insights, which can be valuable for insurance analytics. Lotame: Offers detailed consumer data and insights, enhancing your understanding of consumer behavior.

Conclusion

By focusing on key areas of your business and leveraging top data aggregators, you can gain a competitive edge in the insurance market. Utilize the resources outlined in this guide to find the best data aggregators for your US market and enhance your data-driven strategies across various domains, including risk, pricing, sales and marketing, underwriting, retention, and more.