Insurance premium modeling plays a crucial role in setting fair, accurate and competitive premiums in the industry. Actuarial teams, who specialize in risk management, use these models to predict the ...

ARLINGTON, Va., Dec. 13-- The Casualty Actuarial Society issued the following news release: Most actuaries know that predictive modeling -- the harnessing of enormous data sets to do everything from ...

SAN MATEO, Calif., April 4, 2024 /PRNewswire/ -- Pinpoint Predictive Inc, a leading risk selection platform helping P&C insurers to fast-track profitable growth, is thrilled to welcome Marty ...

Akur8, the insurance pricing and reserving solution powered by machine learning, is announcing that it has partnered with the American Association of Insurance Services (AAIS), the not-for-profit ...

SUSSEX, Wis.--(BUSINESS WIRE)--Quad/Graphics, Inc. (NYSE: QUAD), a global marketing experience company, has developed a specialized attitudinal model that helps health insurers drive deeper ...

Carriers are adopting AI to improve underwriting, pricing and risk selection, but most models still rely on static data ...

Home insurers in California may soon be able to use computerized processes that simulate thousands of possible natural catastrophes to help them set rates — but only if they commit to doing a ...

Claims reserving in non-life insurance aims to quantify future liabilities for claims that have occurred but remain unpaid or unreported. Traditional deterministic techniques, such as the chain-ladder ...

Statistical modelling of insurance claims encompasses a suite of quantitative techniques designed to characterise, predict and manage the financial liabilities arising from insured peril events.