Commercial Lines Analytics

Personal and commercial insurance agents can’t ignore data and analytics forever

As an agent handling personal and small commercial lines, perhaps you’re reluctant to invest in advanced data and analytics. More than likely, you’ve done well without those tools. But you could be...

The Great Recession and Commercial Auto Claims

How will we know when the United States has fully recovered from the Great Recession of 2008? That’s the question that economists around the world are trying to answer. Some say that slow wage grow...

Traffic Congestion Causing Problems for the Trucking Industry

If you think sitting in traffic is a waste of time, think about how it affects the trucking industry? According to a report by the American Transportation Research Institute (ATRI) , congestion on...

Quantifying Loss Cost Variability

Fill in the blanks: The uncertainty inherent in the estimation of _________ implies that a range of ________ can be actuarially sound. Those trained in actuarial science will likely answer...

ISO’s Enhanced Wind Rating Program is here

On October 1, ISO launched our Enhanced Wind Rating Program, a commercial property rating program for the wind peril. You can find all the details on the program in the press release and on the...

Technically Speaking: Frequency/Severity Models or Loss Cost Models?

Twice a year, I attend Casualty Actuarial Society , where actuaries gather to discuss a wide variety of topics. Some are business-related, but others delve into predictive modeling. Under the latte...

Modeling Wind Risk for Commercial Properties

Commercial property presents quite a challenge for predictive modelers: How can we rely on models that implicitly assume some degree of homogeneity among risks when we’re dealing with a heterogeneo...

2011 Survey of Commercial Lines Insurers

Last year, the ISO team surveyed commercial lines writers, large and small, to learn more about their near-term and long-term predictive modeling initiatives, abilities, and needs. What we gleaned...