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.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.