National News
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ISO Chief: It's 'Haves' Vs. 'Have-Nots' in Insurance Technology Race for Survival
National News • November 14, 2006
Spurred by intensifying competition, breakthroughs in analytics are transforming insurance markets, according to an industry leader. Sophisticated insurers able to harness large volumes of ...
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| Subject | Posted By | Posted On |
|---|---|---|
| People? Multi-variable approach | Underwriter | Nov 20, 2006, 11:33 am |
| RE: RE: RE: RE: People? | LLCJ | Nov 20, 2006, 10:38 am |
| RE: RE: RE: People? | stat guy | Nov 16, 2006, 7:29 am |
| RE: RE: People? | Bob | Nov 15, 2006, 9:17 pm |
| Missing the point | Seth | Nov 15, 2006, 10:49 am |
| RE: RE: RE: People? | Age old problem | Nov 15, 2006, 10:30 am |
| RE: RE: People? | stat guy | Nov 15, 2006, 9:39 am |
| RE: RE: ISO | Cal | Nov 14, 2006, 1:56 pm |
| RE: ISO | AZCitizen | Nov 14, 2006, 1:19 pm |
| ISO | Joe Citizen | Nov 14, 2006, 12:48 pm |
| RE: People? | Rick | Nov 14, 2006, 10:40 am |
| People? | Joe Agent | Nov 14, 2006, 9:24 am |
| Back to article | ||
Subject: Missing the point
What's at the root of insurance? Probabilities and predictions. What's the best strategy? Improve accuracy by data analysis. The "haves" will use the best tools and models available and get better at it and force the "have nots" out of business.
The ISO CEO makes a sound argument. Whether he's prophetic or not remains to be seen. But I wouldn't bet against him, he's got the data analysis and prediction tools to back up his claim!