A growing number of workers' comp carriers are refining their underwriting and pricing approaches by data-mining their own systems along with external sources to transform their business.
If Moscow's mayor had gotten his way, he'd probably put a kink in the profits of some predictive modeling companies. Why predict the climate when you can control it?
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.
While the commercial property and casualty industry continues to search for signs of a hardening market, several countervailing economic factors are combining to slow any positive development.
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.
While predictive modeling won't replace knowledgeable insurance adjusters and underwriters, it is the wave of the future for the workers' compensation industry, a trio of experts here stressed.
As a fifth-generation principal, I could probably rely on our eight-person agency's reputation and continue doing business just as we have for more than 100 years. However, that's not me. Yes, I enjoy serving customers. I'm