Tuesday, February 01, 2011

Predictive Modeling Techniques Positively Impacting P&C Insurers' Bottom Line

Property and Casualty insurance companies have found that implementation of predictive analytics models impact rate accuracy by about 10%.  Other industries are not as advanced as the P&C industry mostly because they are at the "how would predictive modeling impact our ROI stage", or because they are looking at predictive software, but have not moved to implementation. Other companies are facing implementation issues when dealing with big data and multiple predictive models.  At the Predictive Analytics Innovation Summit I will be addressing the issue of optimization.

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