2018 CAS PREDICTIVE ANALYTICS MARKETPLACE

July 18, 2018

Overcoming Predictive Modeling Stumbling Blocks in Small Commercial Insurance. while predictive modeling has proven itself to be an invaluable risk assessment tool in personal lines insurance, adoption of predictive modeling has been relatively slow in commercial insurance. Particularly for carriers writing small business policies, the lag in adoption is due to a lack of resources. Other times, it’s because an insurer doesn’t understand how to build an effective model. Or, there may simply be concerns about engaging the organization in the process.

Spotlight

Third Party Administrators' Association of Canada

"To represent the interests of the members of the Third Party Administrators' Association of Canada, as a common voice to the insurance industry and the various Provincial and Federal Government regulatory bodies. To create a financially strong Third Party Administration industry and to establish certain guidelines and uniform standards required to preserve the integrity of our industry and to protect our consumers."

OTHER WHITEPAPERS
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Institutional Investors and Corporate Carbon Footprint

whitePaper | December 27, 2021

Climate-aware institutional investors are assumed to affect the transition towards a low carbon economy by exercising their prerogatives as owners of global companies. Investors concerned with climate change can influence investee companies’ carbon footprint by voting at shareholder meetings on climate-related issues and by actively engaging with executives and board members. The authors study to what extent institutional investors’ ownership affected corporate carbon emissions in 68 countries for the period of 2007 to 2018.

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Improving the Speed and Efficiency of AI-Enabled Damage Assessment in Insurance

whitePaper | May 16, 2022

The combination of high-resolution aerial imaging and artificial intelligence has practical applications for multiple use cases, such as manufacturing defects detection, environmental impact studies and planning, urban vegetation mapping, and precision agriculture. Now, as major natural disasters have increased, the insurance industry is using aerial imagery and AI for damage assessment. This is part of an expanded focus on post-event analysis that uses data, AI, and analytics to understand risk mitigation. Aerial imagery and AI can help address varying spectral bands of resolutions and other factors that the human eye cannot easily connect.

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AN ASSESSMENT OF THE FEDERAL GOVERNMENT’S FINANCIAL RISKS TO CLIMATE CHANGE

whitePaper | April 26, 2022

The climate crisis poses a serious threat to the United States economy and human welfare, with a narrowing timeframe to invest in opportunities to avoid the most catastrophic impacts. Extreme weather events can be exacerbated by climate change, disrupting supply chains, and flooding made worse by sea level rise can destroy critical infrastructure. As a smaller subset of these impacts, climate change threatens the Nation’s fiscal health.

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Improving Insurer Combined Loss Ratios with Next-Gen Technology & Payment Optimization

whitePaper | July 12, 2022

The insurance industry is feeling the impact of high inflation. Supply shortages and higher material prices have been raising insurer repair and replacement costs and increasing the severity of losses on auto and homeowner insurance claims. Interchange fee increases, rising labor costs, and fuel price hikes are only adding to carriers’ financial pressures.

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12 Insurance Industry Trends in 2023

whitePaper | February 8, 2023

Insurers have been navigating digital transformation alongside economic, political, and environmental disruption. These factors will continue to play a major role in the insurance industry in 2023. While most changes are positive, insurance companies must be agile and ready to adapt to evolving conditions to continue to grow.

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Top considerations for insurers in 2023

whitePaper | December 10, 2022

As 2022 comes to a close, insurance companies are facing significant price losses across their portfolios, particularly within long-duration fixed income. On the horizon are the risks of a global recession, peaking fundamentals, persistent inflation and energy crises, particularly in Europe.

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Spotlight

Third Party Administrators' Association of Canada

"To represent the interests of the members of the Third Party Administrators' Association of Canada, as a common voice to the insurance industry and the various Provincial and Federal Government regulatory bodies. To create a financially strong Third Party Administration industry and to establish certain guidelines and uniform standards required to preserve the integrity of our industry and to protect our consumers."

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