TITLE

BIG Factors for small Insurers

AUTHOR(S)
DiBella, Joe
PUB. DATE
December 2009
SOURCE
Best's Review;Dec2009, Vol. 110 Issue 8, p89
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the need of small insurance carriers to think twice before adopting a pricing system developed by a large insurer from predictive analytics in the U.S. It relates that adopting a pricing system can force small insurers to price their policies significantly lower than the large company. Moreover, it suggests small insurance companies to look to their distinctive experience and rate-making analytics that do not need as much data as generalized linear models do.
ACCESSION #
47105770

 

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