Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Predictive analytics enables workers’ comp insurers to predict future outcomes with unprecedented accuracy. Insurers and TPAs in all lines, however, can apply predictive analytics to mitigate risk more effectively.

The term “predictive analytics” is relatively new, but the concept behind it is as old as insurance itself: using data that describe past results to predict future outcomes. Historically, only the largest insurers have had the resources to apply advanced predictive models to their actuarial, underwriting and claims processes. Today, however, insurers of all sizes are using highly accurate, high-return predictive analytics applications to foster profitable growth, lower loss ratios and reduce expenses.


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.