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The depth and breadth of predictive modeling applications are growing as insurance companies become more comfortable with this core function in modern property/casualty business. However, few ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 has been most widely used in pricing, underwriting and marketing personal insurance products such as personal auto and residential. Commercial ...
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 ...
The use of predictive modeling continues to increase in nearly every business line, according to Towers Watson's fifth annual Predictive Modeling Benchmarking Survey. The survey examined how North ...
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