Transform Insurance with Solutions from Nomad Data 

Leverage AI to streamline operations, reduce costs, and drive smarter decision-making across underwriting, claims handling, risk management, and much more.  

  • Find Data: Access over 3,600+ external providers and unlock valuable insights faster from both internal and external data. 

  • Organize Data: Centralize your entire firm’s data knowledge, eliminate redundancies, and save on costs. 

  • Unlock Data: Turn documents into actionable insights with our new Doc Chat tool. 

We're looking forward to seeing you at Nomad Data Booth #2060.

ITCLogos

Case Study 


Nomad Data helped Intact Insurance streamline its underwriting process by quickly sourcing relevant datasets across various topics such as foot traffic, ESG factors, risk indicators, customer demographics, climate data, real estate trends, and economic forecasts. By submitting 13 data requests through the platform in a three-month period, Intact’s Actuarial Analyst received responses from qualified data vendors within hours, leading to valuable conversations and potential deals. The anonymity feature also enabled secure data exploration before disclosure. This case highlights Nomad Data’s ability to quickly connect insurers with tailored, high-quality external data sources to improve decision-making and reduce risk.

Provider Spotlight


Nomad Data has partnered with a leading US insurance company to offer first-party claims data that provides insights on vehicle, property, and work-related losses. This data helps insurers analyze trends in driver demographics, vehicle preferences, injury types, and loss causes to inform marketing, safety, and risk mitigation strategies. The dataset offers detailed reports that can guide insurers in improving underwriting and claims processes, ultimately helping them enhance operational efficiency and reduce claim processing times. By leveraging this data, insurers can also identify emerging risks and adjust their policies proactively to stay ahead of industry trends.

 

Insurance Use Cases

  • Risk Assessment: Utilize AI to enhance risk evaluation, leading to more accurate policy and underwriting decisions. 

  • Streamlined Document Collection: Leverage AI to automate document gathering and data extraction for faster underwriting processes. 

  • Expedite Claims Processing: Extract data from claims forms while automating triage and adjudication to reduce manual labor and improve processing speed. 

  • Fraud Detection and Prevention: Mitigate financial losses with AI-driven solutions to detect and prevent fraudulent activities in real time. 

  • Regulatory Compliance: Proactively manage policies and regulatory changes with AI-driven monitoring and automated compliance checks.  

  • Competitive Intelligence: Leverage AI to monitor competitors’ policies, pricing, and market trends for informed decision-making and better positioning. 

  • Data Monetization: Unlock new revenue streams by utilizing Nomad Data’s platform to identify valuable internal data assets that can be commercialized. We connect insurers to buyers and use cases tailored to their internal data.

Learn more about how insurance companies can use Nomad Data.

insurance
“Each time I submitted a new request I couldn’t believe how quickly I received responses from qualified data vendors, irrespective of the varied subject matter of my use cases. The capability to search a broad use case and receive differentiated context from a wide set of vendors helped me to narrow down exactly which data would best improve our underwriting performance.” Actuarial Analyst, Intact Insurance
"Really, really cool...I love it." Senior Data Alliances and Innovation Manager at a State Farm subsidiary