predictive analytics News
Predictive Analytics, AI Are Helping Insurers Fight Fraud
Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by ...
P/C Insurers Less Bullish on Telematics: WTW Analytics Survey
Although property/casualty insurance carrier executives and technical professionals remain bullish on the prospect that advanced analytics can enhance growth and bottom-line performance, ...
Why It Pays to Offer Ads for Other Carriers’ Policies
Predictive analytics is a growing trend in insurance advertising, but many in our industry are still learning what it is and how to use it most effectively. One of the big advantages of the ongoing ...
American Family Spinout Arturo Raises $25M to Expand AI-Driven Predictive Analytics Platform
American Family Insurance spinout Arturo pulled in $25 million in venture financing – a big boost to the company's AI-driven, property-centric predictive analytics platform. "A deeper property ...
P/C Tech Trends to Watch: CB Insights NExTT Framework
What's NExTT? It's a question that CB Insights analysts asked—and answered—in a recent report about trends in property/casualty insurance technology, finding that eight of the 17 emerging ...
What Executives Need to Know About Predictive Analytics in 2020
By this time, most leaders in the insurance industry have heard of using predictive analytics to study previous patterns that can help businesses understand what could happen in the future. However, ...
Data Sources of the Future Tie Carriers Closer to Customers
Insurance spans multiple generations of consumers, from tech-savvy millennials to Gen X to retiring baby boomers. The traditionalist may still prefer visiting an agent and writing paper checks for ...
Predictive Analytics in Practice: Carrier Executives Talk ROI
Back in April, A.M. Best cited the use of predictive analytics by carriers as a factor in improved bottom lines and balanced underwriting cycles. But exactly how are property/casualty underwriting ...