Predictive Analytics

9/14/2021 - 8 min read

Unpacking the 2021 new normal for personal auto mileage

Personal auto mileage has fluctuated widely through the pandemic and the emerging new normal. It may be time for insurers to leverage analytics to avoid premium leakage.

6/2/2021 - 4 min read

Understanding risks within Asia Pacific’s growing cyber insurance market

Singular breaches no longer have a strictly local impact as individuals are hyperconnected to the internet in myriad ways, from personal digital devices to vehicles.

4/29/2021 - 3 min read

Make the most of your data using machine learning

As technology becomes more sophisticated, so does the potential of data. Machine learning is an advanced application of this technology.

4/14/2021 - 3 min read

Personal auto research: Application integrity down, fraud up

Application integrity for personal auto insurance has deteriorated more than 20 percent over the past eight years, according to Verisk research.

1/7/2021 - 8 min read

Mathematical models show large decline in U.S. COVID-19 cases by fall

Recent reports about the rapid progress of SARS-CoV-2 vaccine trials have provided hopeful news for the coming year, showing highly effective results against the virus.

12/3/2020 - 3 min read

Why we’re building the future of actuarial analysis in the cloud

Learn how the migration of ISO ratemaking systems to the cloud will deliver added value for Verisk customers.

12/1/2020 - 2 min read

Precision and prediction: How predictive models can improve vehicle rating

The newest generation of ISO Risk Analyzer Personal Auto Symbols are now available, covering both Physical Damage and Liability.

9/10/2020 - 4 min read

The future of claims: Delivering at the moment of truth

The future of claims is about elevating the customer experience, and insurers that aggressively pursue digital enablement today will be primed to excel tomorrow.

8/17/2020 - 4 min read

5 claims lessons from the COVID-19 pandemic

Today, we can examine insurance trends that are likely to continue post-COVID-19. Here are some key takeaways for insurers as a new chapter unfolds across the industry.

8/14/2020 - 3 min read

Using predictive analytics to gain pricing insights in uncertain times

Learn how predictive analytics can help auto insurers estimate loss costs.

8/10/2020 - 3 min read

Why Lloyd’s underwriters need to consider casualty disaster scenarios

How Lloyd’s syndicates can identify and measure aggregations of insurance risk.

8/5/2020 - 4 min read

Capturing mileage across a shifting auto insurance landscape

One statistic profoundly affected by COVID-19 lockdowns has been miles driven, and so capturing mileage more precisely may become critical for auto insurers.

7/15/2020 - 5 min read

Artificial intelligence in claims fraud: How AI is automating suspicious behavior detection

Insurers are turning to AI to detect claims fraud automatically – but to get the most from their analytics, they need to understand an anti-fraud system.

5/28/2020 - 4 min read

COVID-19 and workers’ comp: Managing rising claim volume and costs

With thousands of essential employees reporting to work—including health care workers—there could be an influx of workers’ comp claims related to the virus.

5/14/2020 - 4 min read

The critical role fraud scenarios play in advanced analytics

Neural networks, machine learning, multivariate random forest models, and various derivatives of the same are being used to create modern fraud detection models.