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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: RE: RE: RE: RE: People?
These models tell underwriters which risks are riskier, (i.e. should be charged more).
Technology is not the issue. Insurance is all about minimizing risk. If you don't know where not to look, (i.e. which risks to avoid or price higher), then you will not survive.
Agents' anecdotal information is not sufficient anymore.