The use of predictive modeling by property/casualty insurers is now pervasive a new study from Towers Watson finds.
The survey, which queried 69 P&C insurers in the U.S. and Canada, found 85 percent of respondents saying they use or are planning to use predictive modeling. Brian Stoll, Towers Watson director and the survey’s coauthor says one of the reasons for the ascent of predictive modeling is that insurers have seen improvements both their top- and bottom-line results from the technology, encouraging broader usage.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access