Archives June 2015

Jun
2
2015

Predictive Analytics and Surplus Lines: Freedom of Rate but Not Free of Unfair Discrimination

Harold Weston – Similar risks should be priced similarly, and relevant distinctions based on actuarially relevant factors should be captured in the rate. Predictive analytics in insurance will allow ever more precise design of insurance products, selection of insureds and product targeting, and price for the risk exposure. However, the proliferation of “big data” that […]

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