Predictive modeling use has increased in nearly every business line throughout P&C but is rarely leveraged across the enterprise. Following a growing trend in analytics, North American P&C insurers have increased predictive modeling use across the majority of business lines, according to research from Towers Watson. The company polled P&C insurers to examine their use
However, the seventh installment of the company’s Property & Casualty Claim Officer Survey indicates that use of these technologies is on the rise. Despite many months of commentary indicating the value of predictive analytics in claims, the...
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