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Reach Out and (Virtually) Touch Your Clients
The mother-in-law of a colleague of mine, a spry young woman in her early 80s, recently had open-heart surgery. As is sometimes the case even after successful surgery, full recovery can take a while ...
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 ...
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. ...
When Risks Start Adding Up: Spotting Potential Accumulations in Risks Yet to Emerge
When executives of property/casualty insurance carriers assess emerging risks—those already visible as well as those sitting just beneath the surface—the ones that are most worrisome have the ...
The IT Talent Question: Build or Buy?
Most insurance CIOs and IT leaders have grappled with the build-or-buy question as it relates to software. But the thornier and possibly more important context for the question is how it applies to ...