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The word prediction brings up a lot of negative connotations. We often laugh at predictions made about who will win an election or a Super Bowl, but insurers arent laughing at the predictions they are able to make about customer behavior that allows them to draw up models that limit...

According to a Towers Watson survey, commercial lines carriers are looking to tighten the gap between them and their personal lines peers when it comes to the use of predictive modeling.

According to a Towers Watson survey, commercial lines carriers are looking to tighten the gap between them and their personal lines peers when it comes to the use of predictive modeling.

Insurers could learn a thing or two about handling bodily injury claims from the winners of Allstate's predictive modeling competition.

While predictive modeling has been used for years in underwriting, with ever-increasing sophistication and accuracy, it has now moved into other areas such as marketing and claims.

While predictive modeling has been used for years in underwriting, with ever-increasing sophistication and accuracy, it has now moved into other areas such as marketing and claims.

Liberty Mutual says it has evaluated hundreds of thousands of lost-time claims and millions of medical billing transactions to enhance its predictive model for workers' compensation claims costs, which are growing faster than inflation.

Liberty Mutual says it has evaluated hundreds of thousands of lost-time claims and millions of medical billing transactions to enhance its predictive model for workers' compensation claims costs, which are growing faster than inflation.