Yearly Archives: <span>2014</span>
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 ...
A Smooth Claims Experience Starts With Appropriate Customer Expectations
Want your insurance customers to have a smooth claims experience after a loss? Set appropriate expectations up front and overdeliver on the back end. "I think that's equally true for claims people ...
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 ...
Executive Insight: How to Elevate a P/C Carrier From ‘Good to Great’
Scottsdale Insurance Company began to look at its operation late in 2002 with an eye on the future and what it would take to continue its leadership position in the excess and surplus lines market. ...
Emerging Global D&O Claims Trends
Directors and officers claims are increasing here and in other parts of the globe, according to insurance industry experts. Claims centered on merger acquisition, healthcare service vendor operations ...