Predictive Analytics: Not just for pricing and underwriting.
Improve your results in ratemaking, underwriting, claims, fraud detecting and marketing. Use data-driven insights to make smarter decisions about your service offerings and to get the most out of the data you collect.
For decades, insurance companies have successfully relied on predictive analytics to drive pricing and underwriting decisions. Recent advancements in data-capture and computing mean that insurance companies can analyze greater volumes of data, applying predictive analytics techniques to every aspect of their business. In fact, this level of analytics is no longer optional. In today’s marketplace, insurance businesses must use every tool at their disposal to respond to industry changes and retain a competitive edge.