Jim Weiss

Jim Weiss

Jim Weiss is the director of analytic solutions for ISO, where he helps develop and implements the ISO Risk Analyzer® suite of predictive modeling products and services. Mr. Weiss is also leading new efforts to use social media and wellness analytics in property/casualty insurance. His articles have been published in Carrier Management, Telematics Wire, and Verisk Review, and he often presents insights at insurance industry events such as those sponsored by the Property Casualty Insurers Association of America and the Society of Insurance Research. Jim graduated with a bachelor of science in mathematics degree from Manhattan College and has earned the designations of Fellow of the Casualty Actuarial Society (FCAS), Member of the American Academy of Actuaries (MAAA), and Chartered Property Casualty Underwriter (CPCU).

    Posts by Jim Weiss

    Exposing myths in usage-based auto insurance analytics

    A common myth surrounding usage-based insurance is that UBI modeling fundamentally differs from techniques that actuaries and other quantitative risk managers may already use. We sought to dispel that notion when we were invited to contribute to the new textbook, Predictive Modeling in Actuarial Science: Volume 2, Case Studies in Insurance, published in July by […]

    How One Insurance Company Used Social Media to Become Part of the National Conversation

    When the U.S. Supreme Court released the ruling on gay marriage last week, it ignited a national conversation — much of which was carried out over social media. Insurers that are not active on social media may have missed a critical chance to be thought leaders in that conversation. One insurance company chose last week […]

    Social Media Data Analytics: The Next Frontier for Property/Casualty Insurance

    Historically the profitability of most property/casualty insurers has been heavily predicated on policyholders’ future behaviors, ranging from the propensity to become involved in an accident to the likelihood of renewing a policy. But it’s only recently that researchers have begun to realize that social media can play a significant role in forecasting the actions of […]

    Hypothetically Speaking about Making Money with Telematics

    The idea that a single approach to usage-based insurance (UBI) can solve any problem great or small ignores some simple realities: All insurers aren’t the same. All telematics technology isn’t the same. And all UBI programs aren’t the same. Every business faces a unique set of issues, and designing a UBI program with the right […]

    Taking a Hummer down the Yellow Brick Road

    In L. Frank Baum’s novel The Wizard of Oz, farm girl Dorothy befriends a scarecrow, a tin woodsman, and a cowardly lion who long for attributes such as a brain, a heart, and courage.  While this merry band of misfits eventually sees their wishes granted (albeit not in the manner they expect), the idea that […]

    Designing Competitive Telematics-Based Auto Insurance Programs

    Could the loss ratio on your preferred book of business for personal auto go up 2 percent while you’re simply an “interested observer” of the usage-based insurance (UBI) trend? Does your recently implemented UBI rating plan do little more than cancel out your current class plan? Do you believe in the mileage estimates your applicants […]