Underwriting

Exciting technologies are delivering automation directly to the underwriter's desk.

With predictive models, many think the sole issue is picking the right technology, but the details of implementation are crucial.

Modern underwriting can best be described with the 5 I’s: Intuitive, Intelligent, Interconnected, Informative and Insightful.

The Towers Watson survey also found a huge spread in the use of predictive modeling -- but still plenty of room to grow.

Insurers need to use better models and broader sets of data to avoid having rivals grab all the good risks and leave the bad ones behind.

Traditionally, actuaries have provided a retrospective look at performance; they must now provide forward-looking insights.

This article is the first of a series on how the evolution of catastrophe models provides a foundation for much-needed innovation.

Promoters often forget that each captive must have legitimate risks and properly priced premiums.|Promoters often forget that each captive must have legitimate risks and properly priced premiums.