NU Online News Service, Feb. 7, 11:58 p.m. EDT
Commercial lines carriers are looking to tighten the gap between them and their personal lines peers when it comes to the use of predictive modeling.
According to Towers Watson's 2011 Predictive Modeling Benchmarking Survey, commercial lines insurers—traditionally behind personal lines insurers in predictive modeling use—are adopting the technique, with about 70 percent saying they either currently use or plan to use it within the next two years.
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