Claims for stolen heavy equipment are expensive, and the odds of recovery are, to say the least, uncertain. In many cases, your clients could change those odds significantly. A combination of theft prevention measures and recovery tools could take a big bite out of the billion dollars of heavy equipment theft occurring every year. The [...]
operations
With hurricane season right around the corner, memories of Superstorm Sandy remain fresh. Forecasts for storm activity are starting to appear, as they do every April, and it looks as though this year may be above average. According to Artemis, the Tropical Storm Risk consortium expects 15 named tropical storms, with 8 becoming hurricanes and [...]
In a previous post, I wrote about how an effective analytics strategy must first start with good quality data — and lots of it. While good data provides the foundation on which to build, managing that data provides the framework for success. The first step in developing an effective data management process is to build [...]
Over the last decade or so, the role of predictive analytics in the property/casualty insurance industry has evolved into a critical component for success. That trend is only going to increase in the years ahead, as analytics becomes a necessity in marketing, operations, cash flow management, risk assessment, pricing, and claims. At the same time, [...]
You could be getting more value from your insurance fraud detection software without spending another dime on technology. That’s not a bold statement, given the effectiveness of ISO ClaimSearch® and optional services, such as Decision Net®, ClaimDirectorSM, and ISO ClaimAlert™: Foreclosure. The key is to change your perspective and use the tools to detect meritorious [...]
When a home enters foreclosure, the risk of neglect increases. Some homeowners no longer see the point of maintaining properties they’re about to lose. Others simply may not be able to afford to make the necessary investments in upkeep. Those problems can result in property claims that increase your expenses and ultimately affect your other [...]
