NU Online News Service, Feb. 1, 3:11 p.m. EST
Nearly 90 percent of U.S. insurance companies said the use of predictive modeling enhanced rate accuracy in 2010, according to the results of a survey conducted by Towers Watson.
The global professional services company reported that 70 percent of companies said the same in 2009. The use of predictive modeling in the U.S. is up about 10 percent across all lines of business except commercial property/business owners packages.
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