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While recent survey results show less conflict between actuaries and underwriters over insurance pricing this year than last, and underwriters warming up to the use of predictive analytics, issues ...
High complexity claims account for the majority of dollars spent in workers compensation claims. One way to identify high exposure claims early is by using predictive analytics. Using analytics, ...
Predictive analytics has transitioned from exciting buzzword to a core component of a carrier's arsenal over the last few years—and its effectiveness is no longer in doubt. In fact, a Willis Towers ...
With roughly one-in-three insurance companies expanding or piloting data science units in 2016, they may be facing an unanticipated problem—friction between their actuaries and data scientists, ...
Guidewire Software has agreed to acquire EagleEye Analytics, a provider of SaaS-based predictive analytics products specifically designed for property/casualty insurers. Financial terms were not ...
Two years from now, property/casualty insurers will be using predictive analytics in a much wider assortment of ways than they do now. A Willis Towers Watson survey found that expected jumps in ...
Property/casualty insurers plan to drastically widen their use of predictive analytics over the next two years to expand and grow their operations, a Willis Towers Watson survey has found. What's ...
The implementation of predictive analytics is simple and valuable, and it is key to the transformation of claims and legal expenses into valuable assets for insurance companies. Once you implement ...
It's bad enough that property/casualty insurance companies are trying to fend off competitors in their own industry—and potential disrupters from outside—both vying to steal good risks away at ...
Specialists in predictive analytics and data science will soon be able to add credentials reflecting their expertise to their résumés and business cards, provided they meet the requirements of a ...
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