Culture vs Data – Finding the Right Balance for Effective Predictive Modeling

In a prior blog post on aligning predictive model development with the product development lifecyle, I shared that, when developing a predictive model, a large amount of data is required. The point is, commercial lines carriers need sufficient performance data …

Why “We have always done it this way” is Not an Ideal Approach for Insurers Today

This is the second blog in a series on Predictive Modeling in Life Insurance. Read the first blog here. Over the years, life insurers have adopted—and adhered to—certain practices because “they have weathered the test of time,” or because “we …