Though predictive modeling has long been considered a natural fit for claims fraud detection, results have been mixed. To better utilize this powerful tool, insurers must examine past flops and build a stronger defense.
The best agents and brokers work hard to foster strong relationships with their customers and the insurance companies that underwrite the policies. After all, these collaborations ensure a satisfied and profitable customer.
Though predictive modeling has long been considered a natural fit for claims fraud detection, results have been mixed. To better utilize this powerful tool, insurers must examine past flops and build a stronger defense.
Though predictive modeling has long been considered a natural fit for claims fraud detection, results have been mixed. To better utilize this powerful tool, insurers must examine past flops and build a stronger defense.
The number of policies in the U.S. residual market fell slightly in 2012 but demand remains highthreatening state finances and the pocketbooks of all residents.
For an insurance segment highly coveted by producers and major carriers alike, the high net worth insurance business can often lack one major asset: an abundance of clients. Many wealthy Americans may be unaware that a specialty insurance market geared toward their unique exposures exists, executives say.
Risk managers from both the public and private sectors pull back the curtain on their third-party administrators and discuss why these vendors remain a great fit.
To grow and improve revenue, producers cannot depend on renewals and price changes in the insurance marketplace, but rather must proactively recruit the best sales force and pursue business, the president of agency-consulting firm Marsh, Berry & Co. Inc. says.