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The use of price optimization in insurance pricing is drawing increased attention and could be the next big industry battle. Or it could not be. Consumer groups and a growing contingent of states are ...
Willis Group Holdings and Ebix, Inc. are targeting more than 1,000 carriers with a new a global electronic accounting platform designed to help speed cash flow and settle claims more quickly for ...
Specialists in predictive analytics and data science will soon be able to add credentials reflecting their expertise to their résumés and business cards, provided they meet the requirements of a ...
Big data and analytics are driving a transformation in insurance purchasing decisions, and insurance company chief risk officers are among those being impacted by the wave of change. Carriers are ...
Auto insurance companies now have a tool that lets them verify the garaging address of a vehicle, confirm the driver's commuting mileage and obtain loss costs and premium differentials for the ...
Jackson, Miss., is the windiest city in America, according to catastrophe modeling firm CoreLogic's just released rankings of the windiest cities in the country. The CoreLogic Windy City Ranking ...
Willis Re, the reinsurance division of Willis Group Holdings plc, is aiming to enhance its clients' understanding of catastrophe risk with its own views of both modeled and unmodeled risks, the ...
New developments in science and technology are making the potential economic impacts of natural catastrophes, both in the medium and long term, more understandable and accessible to local government, ...
Insurers are using the new open loss modeling platforms to build their own catastrophe models for three main reasons: clarity, control and cost. Catastrophe models have become extremely important ...
Given the complexity of catastrophe models, at first it might seem impossible for you to build your own. This was certainly the case 10-20 years ago. But technology has changed since the ...
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