Predictive modeling

Insurance industry leaders must proactively develop risk mitigation strategies in order to optimize the use of Gen AI for insurers and their customers, alike

Climate change presents uncertainty for insurance companies but also creates opportunities for technological innovation

Chief underwriting officer finds ways to do more with technology and coverage of risks.

Digital Insurance spoke with three actuaries about emerging technologies and the challenge of explainability within complex models.

AI-powered catastrophe and risk models use varied sources, including aerial imagery.

Rebuilding artificial intelligence algorithms to explicitly integrate transparency and overcome black box limitations.

Predictive models are a tool to address a business problem, not a solution.

The shortcomings of emerging "climate services" are concerning to some observers.

The predictive model is powered by AI analysis based on data from over 1,500 wildfire losses.

How do you maximize efficiency in the application, quoting, and claims process and not invite new or additional fraudulent activity?

One example of a typical deep learning application is pattern recognition applied to digital images.

Current actuarial techniques are good at quantifying in the aggregate – but less so in the detail.

Research shows rapid adoption of predictive algorithms and digital identity technology will stem the pandemic-driven fraud deluge. Insurance fraud causes more than $80 billion in losses annually in the U.S. alone, according to the report.

To understand how the idea of dynamic risk assessment works, we first need to unlearn certain assumptions.

Brakes on hurricane development from dry Sahara air and El Nino winds are gone, weather experts say.

A new study finds that within the next two years, all large and midsize carriers will use predictive analytics in their group life operations, while nearly half of small insurers will deploy similar capabilities.

Launched in New Jersey, the insurers’ first foray into the line of business focuses on reducing friction in the buying process.

The Federal Emergency Management Agency plans to use private-sector data to calculate the real flood threat for each home.

Claims applications for the technology are opening new opportunities beyond just usage-based insurance programs.

New company provides short-duration life coverage for risky hobbies like kayaking or road biking via digital distribution.