predictive model News
Travelers Debuts Predictive Model Designed to Help Injured Workers Avoid Chronic Pain
The country's largest workers' compensation insurer said it has developed a model to predict the likelihood of an injured worker developing chronic pain. The model can them help the workers take ...
Powerful Predictions: How Much Is That New Insurance Customer Worth?
If you're like most carriers, your customer acquisition costs are increasing. Even before the policy is issued, you've likely spent a lot of time and money. According to a recent McKinsey report ...
Five Myths About Predictive Analytics You Can’t Afford to Believe
Predictive analytics has a relatively long history in the P/C insurance industry. From the early 1990s, when early adopters began to use predictive modeling for rating and underwriting, to more ...