I was just reading a recent article on the Property Casualty 360 website about how insurers use predicative analytics to improve decision making and agent response time. The article explains how predictive analytics can help insurers manage and distribute risk by segmenting high-risk and low-risk policies. I agree that predicative analytics is exactly what insurance [...]
predictive modeling
Last month, my colleague David Cummings and I contributed an article to CarrierManagement.com titled Analyzing Analytics: When Does Value of Predictive Modeling Outweigh Expense? It’s become clear that personal lines carriers, especially for personal auto, have a solid hold on the value of predictive modeling. And the volume of industry data continues to expand. This [...]
With less than one month before the Verisk Customer Conference, we’re working hard to make it the insurance industry event of the year. Our comprehensive program of 36 concurrent sessions includes such diverse topics as predictive modeling, telematics, cyber risk, mobile and digital technologies, antifraud data analysis, and climate change and weather analytics. You’ll hear about emerging issues, [...]
Please join 300 of your peers who’ve already tuned in to our web seminar on our newest commercial property rating initiative — ISO’s Enhanced Wind Rating Program. Joe Palmer, assistant vice president and actuary in Commercial Multi-Line Actuarial, and Bill Chermak, senior technical coordinator in Verisk Commercial Property, spoke about how the program uses wind-related [...]
