predictive analytics News

Carpenter Appoints Yoder to Lead Global Innovation & Product Development

Guy Carpenter & Co., the reinsurance brokerage subsidiary of Marsh & McLennan Cos., has appointed Claude Yoder as managing director and global chief innovation and product officer, effective Sept. 18. Yoder is based in New York and reports to Rob …

Generali Chief Underwriting Officer Sees His Job as Part Science, Part Art

Bill Skapof, chief underwriting officer and head of global corporate and commercial in North America for Generali, considers underwriting as much art as it is science. Skapof has more than 30 years of global insurance experience developing product, distribution and …

Why Predictive Modeling Is Gaining as Fraud Fighting Tool

Declining costs, the availability of cloud storage and the rise of telematics will likely increase predictive analytic adoption rates, according to Dan Donovan, assistant vice president of Claims Solutions at Verisk Insurance Solutions. Though predictive modeling has been used for …

Using Big Data to Predict Terrorist Acts Amid Privacy Concerns

Before Ahmad Khan Rahami planted bombs in New York and New Jersey, he bought bomb-making materials on eBay, linked to jihad-related videos from his public social-media account and was looked into by law enforcement agents, according to the Federal Bureau …

Hahn to Lead Predictive Analytics at Zurich North America

Property and casualty insurance provider Zurich North America, based in Schaumburg, Ill., appointed Peter Hahn as head of predictive analytics. Hahn comes to Zurich from McKinsey & Company Inc., where he led the underwriting service line for McKinsey’s North America …

Predicting Crime with Big Data Without Breaking the Bank

Researchers at Rutgers’ School of Criminal Justice have developed commercial technology that public safety practitioners and researchers worldwide are using to fight crime. Leslie Kennedy and Joel Caplan of Rutgers invented a technique that uses crime data to identify and …

CoreLogic Acquires Catastrophe Modeling Firm Eqecat

CoreLogic, an Irivine, Calif. company that provides the insurance, financial services and real estate industries with data and analytics, has acquired catastrophe modeling firm Eqecat from ABS Group. Alyson Austin, CoreLogic spokesperson, said the transaction closed on Dec. 20. The …

Use of Predictive Models Widespread in P/C Insurance: Survey

A survey of North American insurance professionals reveals widespread use of predictive analytics in the property/casualty insurance industry, with as many as 82 percent responding that they use predictive modeling in one or more lines. Earnix, a provider of pricing …