Executive Viewpoint: Realizing the Benefits of Predictive Models, AI for Cat Claims
Being a claims professional in today's world is much more complex compared to the past 10 years — or even just five.
The insurance ...
predictive modeling News
Five Essential Considerations in Evolving Predictive Modeling
The majority of insurers have implemented sophisticated predictive models over the past decade, often in their pricing and automotive lines of business. Despite strong evidence of impact, many are ...
PCI Annual Meeting: Regulators Sound Off on InsurTech, Driverless Vehicles and More
Insurance regulators from Florida, South Carolina and Tennessee assert that they're working well with innovators seeking to bring InsurTech into company operations and customer interactions. "There ...
Commercial Lines Insurers Plan Predictive Modeling Embrace: Willis Towers Watson
Predictive modeling is becoming even more widespread among U.S. property/casualty insurers, with rapid gain likely in the coming years for commercial lines carriers. The big news: Two-thirds of the ...
Actuaries, Underwriters Still at Odds as Predictive Analytics Usage Grows
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 ...
Predictive Model Monitoring: Signs That Your Model Needs an Upgrade
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 ...
The Latest Launches From Ironshore and Valen Analytics
Ironshore Inc. is targeting the transportation sector with a new series of coverage endorsements. Valen Analytics launched a new risk score for commercial auto insurance. *** Ironshore Inc. said its ...
Allstate: 400 Jobs Will Flesh Out New Chicago Innovation Hub
Allstate Corp. plans to bring nearly 400 jobs to Chicago focused on innovation and technology in a bid to improve customer service. Plans call for establishing an innovation hub at the Merchandise ...
The Growing Controversy Over Price Optimization in Insurance
The use of price optimization in insurance pricing is drawing increased attention and could be the next big industry battle. Or it could not be. Consumer groups and a growing contingent of states are ...