predictive modeling News
P/C Insurers Expanding Predictive Modeling, Usage-Based Offerings
Property /casualty insurance executives believe that over the past six years predictive modeling has become an essential or very important driver of improved performance and they are broadening their ...
Creating Added-Value Data Sets From Weather Model Forecasts
In the first part of this two-part series of articles, we examined the various weather models that drive most of the forecasts used by consumers and businesses to make weather-sensitive decisions. ...
The Role of Models in Weather Forecasting
UKMET. ECMWF. GFS. GFDL. To most of us, this potpourri of letters are seemingly chosen at random and have no meaning. It's almost as if someone reached into a large sack filled with all 26 alphabetic ...
National Hurricane Center Focuses on Improving Long Term Forecasts
Advancements in weather prediction tools have allowed the National Hurricane Center (NHC) to introduce two new products, a storm surge flood prediction map and a five day tropical weather graphical ...
The Promise of Predictive Analytics in Commercial Lines
In "Predictive Modeling Pitfalls: When to Be Cautious," published by Carrier Management last month, Ira Robbin from AIG presents a compelling case for exhibiting care when developing and implementing ...
Predictive Modeling Pitfalls
There are many success stories featuring predictive models, but what does not get as widely reported are the failures: mistakes that range from subtle misinterpretations and minor miscues to ...
Predictive Modeling in Property/Casualty Insurance
Predictive modeling in property/casualty insurance has been most widely used in pricing, underwriting and marketing personal insurance products such as personal auto and residential. Commercial ...
Predictive Modeling: A Breakdown
There are many success stories featuring predictive models, but what does not get as widely reported are the failures: mistakes that range from subtle misinterpretations and minor miscues to ...