US property data analytics provider CoreLogic has expanded its insurance underwriting capabilities with the addition of new automated underwriting platform Myriad Development.

The company stated that the new solution will combine with CoreLogic’s property data to create an enhanced and efficient proprietary solution that, it claims, will transform and modernise underwriting for the insurance industry.

“Myriad shares the CoreLogic commitment to help our industry evolve to meet rapidly changing consumer expectations in our digital economy,” said Steve Brewer, executive, CoreLogic Insurance and Spatial Solutions. “Our combined solution will help carriers set a new benchmark for underwriting efficiency and accuracy while enabling an easy and transparent customer and agent experience.”

Chris Roussel, CEO of Myriad Development, added: “We’re delighted to combine our expertise with CoreLogic to create an even more productive and profitable underwriting process. This is an ideal union that will transform the process, cost and timing of today’s underwriting, resulting in a quantifiable, bottom-line result for our clients.”

Source: Intelligent Insurer