By Paul Delbridge, Mark Purowitz, Punita Gandhi and Caitlin Marcoux, PwC | May 10, 2013
There is a great opportunity to more effectively utilize actuaries’ advanced analytics and modelling expertise, and thereby change actuaries’ role from scorekeeping to one in which they create a significant, information-driven competitive advantage for the organization.
The next generation of underwriting talent will grow and thrive not by the oral history passed along from the prior generation, but by the ability to provide an environment fueled by superior rules, insight-driven analytics, real-time collaboration and faster execution.
The newly rebranded vendor's InsureRight offering, now covering all lines of business, is designed to give carriers statistically valid portfolio insights that they can distribute to individual underwriters in a simple, easy-to-understand language.
Policy holders concentrated by type and geography are among the reasons mutual insurers are more susceptible to catastrophe claims challenges, but proactive measures and technology solutions can enable carriers to compensate, according to Willis Re.
By Pierre Gagné, Insurance Frameworks Inc. | April 08, 2013
Over the last few years, there has been increasingly industry buzz about capability models, enterprise business frameworks, reference models, etc. What are they, how can organizations benefit from them, and what types of projects can leverage them?
Linking Milliman’s MG-ALFA system with Conning’s GEMS Economic Scenario Generator will respond to regulators’ and raters increasing demand for stochastic modeling capabilities and foster a holistic approach to risk management.
Insurance company technologists had different ideas on the emerging technology with the most potential in a panel discussion this week -- but reached a surprising consensus on which one might have the least.