Underwriting

This is an exciting era for insurance, and actuaries have an opportunity to expand and redefine their roles in these changing times.

Unlike traditional approaches like chain ladder, 12-month rolling averages require minimal intervention when selecting development trends.

It’s crucial to understand the distinctions in purchasing behavior when comparing the Hispanic market with the broader insurance market.

Graph and network analysis helps organizations gain a deep understanding of their data flows, process roadblocks and other trends and patterns.

Insurers can’t rely on previous wildfire seasons or events, They need a more strategic approach that goes well beyond a single risk score.

With AI and high-resolution geospatial imagery, it has become possible to achieve high-precision, nationwide, building-based geocoding.

Insurers must show renewed focus if they are to adapt and continue to cushion the various sectors of the economy from risks and shocks.

Start looking ahead, through the windshield. Product development in insurance has relied on a historical view, but that needs to change.