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Insurance Trade Agreements Are Good for Consumers and Markets: PCI Opinion
You can be sure critics are already getting ready to pounce on a preliminary draft of the financial services section of the Trade in Services Agreement (TiSA), invoking the usual rhetoric about the ...
Predictive Modeling Pitfalls
There are many success stories featuring predictive models, but what does not get as widely reported are the failures: mistakes that range from subtle misinterpretations and minor miscues to ...
Predictive Modeling in Property/Casualty Insurance
Predictive modeling in property/casualty insurance has been most widely used in pricing, underwriting and marketing personal insurance products such as personal auto and residential. Commercial ...
Predictive Modeling: A Breakdown
There are many success stories featuring predictive models, but what does not get as widely reported are the failures: mistakes that range from subtle misinterpretations and minor miscues to ...
From Sinkholes to Tsunamis: Assessing Nonmodeled Risks That Matter to Your Company
The degree of uncertainty for modeled perils draws a lot of attention from most insurance companies. A significant amount of resources are put into improving data quality, modeling assumptions, model ...
Talent vs. Determination
Bob and Mark are new managers who are having lunch in the company cafeteria. They are discussing their respective hiring strategies for the upcoming college job fair that their company is sponsoring. ...
Plenty of Insurance Capacity But Tricky Contract Wording for Oil and Gas Risks
The insurance capacity is there to cover the risks associated with the current oil and gas boom in Texas and the nation, experts say, but agents and their customers should be vigilant in their ...
The Fracking Question: To Insure or Not to Insure?
When it comes to the use of evolving technologies in oil and gas production—such as hydraulic fracturing, or fracking—insurance companies are faced with one big question: to insure or not to ...