Personal auto insurers make the most use of predictive modeling techniques, while those at commercial carriers employ them less, according to a poll by Towers Perrin.
That finding was made in an online survey of 90 executives at 81 property and casualty carriers conducted by the consulting firm.
Seventy-six percent of the personal lines carriers said they view the tool as essential, Towers Perrin said. The firm noted that while only 56 percent of standard commercial carriers said modeling was important, that group of insurers is taking a closer look at predictive modeling.
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