Brown & Brown Introduces Compass Insurance Analytics Platform

MT Newswires Live21:49

Brown & Brown (BRO) said Thursday that it has launched Compass, a platform that pulls the brokerage's data, analytics, and artificial intelligence tools together to help customers judge risk and choose coverage.

Health plan customers using the company's analytics saw five-year cost growth average under 4%, against an industry norm of about 7% to 9%, the company said.

For one client, analysis from the platform drove an insurance restructuring that cut premium spending by 65% while lowering risk volatility, Brown & Brown said.

The company said it has more customer tools planned for early next year.

Shares of the company were up 2.5% in recent Thursday premarket activity.

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