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An Ounce of Prevention

When coupled with predictive modeling, risk analytics provides insurers with rapid access to the information needed to better manage the overall claim process and identify and understand risk.

By Mary Chmielowiec, Paul Marshall | Updated on November 15, 2009

Risk analytics is revolutionizing the processes and tools employed by insurers to more quickly and accurately market, price, and underwrite their products. Additionally, these tools have the potential to enhance an insurer’s ability to manage claims more effectively. With improved management, insurers can reduce overall costs, premiums, and claims, all while gaining a competitive advantage and, ultimately, increasing their market share. Through advances in technology and data availability, many insurers already benefit from the use of data analytics and predictive modeling capabilities to better understand and identify risk.

What is Risk Analytics?

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