In last month's supplement on underwriting, production glitches resulted in several errors in the "Industry Speaks" section. The corrected responses appear below.How can insurers employ analytics and business-rules technologies to improve profitability?

David Pedersen, Insurity: You've heard of things being "dumbed down"? Analytics and business rules smarten things up. The integration of analytics and rules engines into the underwriting process increases efficiency and profitability. Using predictive and descriptive modeling, insurers can be more selective in accepting risk-more successful in determining pricing and premium modifications based on relevant risk factors. Because analytics and rules engines yield knowledge that is both codified and automatic, underwriting efficiency and discipline are increased, while underwriting expenses are reduced.

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