Analytics

9 Questions for Xceedance CEO Arun Balakrishnan

“A machine can build a bias without us knowing it. I mean, you feed it enough data, you can tell it to ignore racial profiles, but you never know how the machine does it.”

Must Analytics and Workers’ Comp Reach the ‘Finish Line?’ Here’s Where They Can Come Together to Manage Risk

We Talked to Hundreds of Insurance Underwriters. What They Have to Say May Surprise You

Is Your Claims Development Analysis Process in Need of a Refresh? Here’s How Machine Learning Can Help

A Risk & Insurance Q&A With Joshua Motta, the CEO of Cyber Insurer Coalition

Recently in Analytics

What Will It Take to Get Actuaries and Underwriters on the Same Page?

A good relationship between underwriters and actuaries helps insurers price risk more effectively.

Hacking the Human Brain: How Cognitive Science Helps Mitigate Risk

New technologies drawing on behavioral science know when you’re about to make a mistake.

Do You Know the Difference Between Business Intelligence and Business Analytics?

Catastrophic errors occur when businesses misapply data and statistical analysis.

5 Key Questions to Ask About Your Data Program

Nearly every insurer labors furiously to transform their business around data. Unfortunately, much of this labor is in vain.

Intelligent Use of Technology Is the Key to Managing Risks in Third-Party Logistics Arrangements

An increasingly productive economy means more trade and demands more exacting logistics risk management.

High Net Worth Households are at High Risk for Cyber Attacks: Cyber Monitoring Protection is Now in Play

High Net Worth individuals and households are increasingly buying cyber monitoring services.

These Big Data Tools Are Actually Impacting Claims

Claims handling is a constant source of friction between insurers and their insureds. Will new communication tools and big data be able to sort this old problem out? 

The Digitization of Risk Management and Insurance

Making insurers more efficient is just one upside of more digitization.

Top 4 Commercial Underwriting Blind Spots

Commercial insurance carriers frequently take on risks that are proven to be loss-ridden because they don’t have the analytics to underwrite and insure better risks.

Risk Executives Must Keep Up with the Pace of Disruptive Technology

This year’s Excellence in Risk Management report reveals a gap between awareness of new technologies and the ability to employ them strategically.

Analytics in Supply Chain Risk Management

A recent supplier snafu saw KFC’s UK outlets run out of chicken. The growing use of analytics address supply chain and distribution vulnerabilities.

Predictive Modeling and Small Commercial Risk

The small commercial insurance sector has been slow to adopt predictive modeling, but a few best practices can make all the difference.

Seven Questions for Henna Karna

XL Catlin’s data chief seeks not to replace underwriters, but to empower them to do their jobs better than ever before.

Comparing Flood Maps

A presentation held in London drives home the point that flood modeling has a long way to go.

TCOR as Problem Solver

An accurate picture of total cost of risk emboldens different management layers to work together to seek solutions.

New Ways to Use Surplus

There is a move toward captives’ strategic use of surplus to fund risk management-based projects, analytics, consulting and more.

Capturing the Best Data

Determining total cost of risk has value; getting your hands on the right data set is the challenge.

Building an Award-Winning Safety Program

Hear from risk and safety executives who reduced their claim frequency with the help of improved analytics.

Qualitative Underwriting

The modern insurance industry is seeing volatility like it has never seen before.

How Wearables Are Transforming Workplace Safety

Managing company culture will be very important in getting workers to use wearables.