Are you getting the most out of your data? Whether it be in personal lines pricing, commercial lines underwriting, claims handling or fraud detection, your data should be helping you run an efficient, profitable organization. Through predictive analytics and your data, you can gain insights into your business, like:
- What is the most predictive rating variable?
- What policy/claim characteristics point to fraud?
- Which external data can help me better price my risks?
- On which claims should you place the most experienced claims managers?
- What variables outside the rating plan are predictive of underwriting results?
- What variables give insights to reduce litigation expense?
Let Perr&Knight’s Predictive Analytics team help you utilize your data to its fullest potential with our low-cost predictive analytics solutions using cutting edge technology and industry best practices.
Predictive Analytics: Data Science & More
Our data scientists work alongside our actuaries and other insurance experts to provide a tailored business solution. Perr&Knight is one of the top actuarial consulting firms in the United States with expertise spanning all lines of business and U.S. jurisdictions. Our Predictive Analytics team provides clear solutions using your data along with our industry knowledge to help you stay competitive and profitable.
With new InsurTech products available to the insurance industry, knowing how to integrate these tools into your business takes a specialized skill. Perr&Knight has experience merging new variables with company data and analyzing for insights tailored to your book of business. We work with InsurTech innovators to review predictive models and support insurance applications with regulators.
Let Perr&Knight incorporate big data into your insurance products to help you stay relevant in the ever-changing insurance market. Contact us today to learn more.