by Admin | Apr 5, 2016 | Insurance
The application of data analytics is helping the insurance industry in many ways. The influx of information available these days makes it easier for insurers to segment policy holders and provide more customized products. Additionally, the Big Data trend has made it...
by Admin | Mar 31, 2016 | General Information, Insurance
Home valuations are as essential to the homeowners insurance carrier as well as the client. Valuations do not need modeling since any structure has a known value that can be easily determined. However, predictive modeling can improve how insurers assess the...
by Admin | Mar 31, 2016 | Banking, Insurance, Natural Disasters
Insurance risk management will need to change its focus to include terrorist attacks and climate change, instead of just earthquakes and hurricanes. Ingrid Beale, the CEO of Lloyd's of London, recently commented on the shift in insurance risk management.She noted...
by Admin | Mar 22, 2016 | Insurance
The insurance industry, while a mature institution, is changing dramatically. Thanks to Big Data and the influx of business intelligence, insurers are able to leverage this information to learn more about their customers and improve risk assessment and valuations....
by Admin | Mar 17, 2016 | Insurance, Residential
Even though Florida hasn't been hit by a major hurricane in over a decade, it's still the most expensive state to insure a home by a wide margin. The National Association of Insurance Commissioners recently unveiled the top 10 most expensive states for...
by Admin | Mar 14, 2016 | Insurance
Many homeowners rent out their property in order to make some extra money on the side. Whether it's an extra room or an extra house, it's a very popular way to pay for some of their mortgage. However, there are a few details these homeowners need to review...
