predictive analytics News
Improvements in Predictive Analytics Help With Early Identification of Workers Comp Reinsurance Claims
The early identification of claims likely to pierce reinsurance retention levels has long been a challenge for primary insurers and reinsurers. The good news is that over the past decade or so, the ...
How to Fuel Growth Without a New Business Penalty: Put Down the Predictive Model Shotgun
This is the third in a series of articles by Valen Analytics looking at the hurdles that insurers must overcome to effectively implement and gain value from data analytics programs. When the ...
PartnerRe Acquires Canadian Predictive Analytics Company
PartnerRe Ltd. disclosed it has acquired Claim Analytics, a Canadian-based company focused on predictive analytics products and services for insurers. Financial terms were not disclosed. The ...
4 Ways Execs Can Increase Underwriters’ Embrace of Predictive Analytics
This is the second in a series of articles by Valen Analytics looking at the hurdles that insurers must overcome to effectively implement and gain value from data analytics programs. After deciding ...
Machine Learning at an MGA
Machine learning, AI, cognitive computing and predictive analytics—terms that are oftentimes used interchangeably these days—are washing over the insurance industry with promises of increased ...
Socure Raises $13.9M; Insurance Industry Among Buyers of Company’s Digital ID Verification Tech
Socure, a developer of digital identity verification predictive analytics technology, raised nearly $14 million in a Series B venture financing round from backers with insurance industry investment ...
biBERK’s COO on the Small Business Insurance Benefits of Predictive Analytics
The insurance technology space has emerged as one of the largest innovation ecosystems globally, with $4.74 billion invested in the space since 2011. InsurTech's use of big data, paired with ...
More Insurers Adopting Predictive Analytics to Combat Fraud
Declining cost barriers, the availability of cloud storage and telematics will likely increase predictive analytic adoption rates, according to Dan Donovan, assistant vice president of Claims ...