Doug Wing

Doug Wing

Douglas Wing, assistant vice president of Analytic Products for ISO Insurance Programs and Analytic Services, is responsible for the ISO Risk Analyzer® suite of predictive analytic tools. He leads ISO’s initiatives to enhance its offerings through analytics and predictive modeling across all lines of insurance. Before joining Verisk, Doug was in actuarial research and development at Liberty Mutual.

    Posts by Doug Wing

    By-peril rating and its potential to generate lift

    Many insurers have significant potential to generate lift by aligning rates more closely with underlying risk levels, according to a recent Verisk analysis of industry rating plan data. Our analysis compared current rating plans and premiums with by-peril rates that are based on the relative risks of each policy across nine perils informed by specific […]

    Early adopters of by-peril rating achieve market share and profitability gains

    Verisk studies show by-peril rating enhances market share and profitability for homeowners insurers. A 2014 study by Verisk and Earnix shows that among insurers still rating with all perils combined, 26 percent plan to move to by-peril rating within the next year and 40 percent plan to do so within the next two to three […]

    Overcoming Challenges in Predictive Modeling Part 2: Lack of Skilled Modelers

    In a recent ISO and Earnix survey of 269 insurance professionals, the results clearly indicated that the majority of carriers had two primary pain points restricting their ability to create more predictive analytics: a lack of sufficient data and a shortage of skilled modelers. In a January 22 post, I discussed the lack of sufficient […]

    Overcoming Challenges in Predictive Modeling Part 1: Lack of Sufficient Data

    The results of a recent ISO and Earnix survey of 269 insurance professionals clearly indicate that two primary factors restrict the majority of insurers from creating more predictive analytics. The top challenges were a lack of sufficient data and a shortage of skilled modelers. I’ll discuss the lack of sufficient data in this blog and […]

    The Cost of Opportunity

    Last month, my colleague David Cummings and I contributed an article to titled Analyzing Analytics: When Does Value of Predictive Modeling Outweigh Expense? It’s become clear that personal lines carriers, especially for personal auto, have a solid hold on the value of predictive modeling. And the volume of industry data continues to expand. This […]