Shawn Hessinger

E-Chat Tomorrow: Insuring the Future With Predictive Analytics

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Shawn Hessinger
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Thanks everyone for joining us in today's e-chat!
Shawn Hessinger   3/2/2012 11:49:17 PM
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Thanks everyone for joining us in today's e-chat on predictive analytics in the insurance industry and thanks for staying late! You can check out the full archive above and share the link with a friend. Thanks again!

Shawn Hessinger
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Join us for a live e-chat on predictive analytics in the insurance industry 2 p.m. EST
Shawn Hessinger   3/2/2012 12:51:20 PM
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Hope everyone will join us today for our live chat on predictive analytics in insurance pricing at 2 p.m. EST.

Daniel
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predictive analysis for fixing premium
Daniel   3/2/2012 3:39:46 AM
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Predictive analyses are commonly used for credit scoring purposes. Here the accuracy and usability of results greatly depends on level of data analysis and quality of assumptions. This credit scoring has direct impact in fixing the policy premium and in financial services. In most of the cases the lending rates are proportional to the credit history and term risk. When companies are charging more premiums for customers with a bad credit score, others who are having a good credit score are not getting the benefits in same proportion.

I mean such analysis are using only for extracting more from customers based on different risk level and not for passing any benefits to them in return.

Shawn Hessinger
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Re: Hard to fathom
Shawn Hessinger   3/1/2012 5:42:51 PM
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As am I, Beth! As am I. See you at the chat and, of course, on the boards.

BethSchultz
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Hard to fathom
BethSchultz   3/1/2012 3:00:10 PM
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@Shawn, Insurance seems a prime candidate for predictive analytics and I'm looking forward to picking an insider's brain!

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