Predictive modeling

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.

Founder Stan Smith says the company's data resources position it to help a new range of clients.

Like all other insurers, health payers can reap the rewards of digital transformation and emerging technologies.

The startup companies will go to a final round at the organization's annual conference in New Orleans.

DFV, which is a heavy user of AI in claims management, wants to double its customer base by 2019.

Applications include the faster delivery of claims payments, identifying fraud and leverging connected IoT data for improved actuarial models.

Organizations combining innovative talent, diverse data, and applied intelligence can use data-driven insights to improve customer experience, says Accenture's Debbie Polishook.

The company is developing an instant-issue platform that delivers life policies to customers without fluid testing.

Modeling and experimentation are common across the industry, but nothing replaces the value of real-world events, says IBHS president and CEO Julie Rochman.

Workers' comp insurer selects Valen Analytics' InsureRIght platform, gaining access to vendor's data consortium.

Another industry alliance is forged aimed at providing driver data to insurance companies.