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Predictive Modeling

Using Predictive Modeling in Group Insurance

Predict Modeling Group 2

In the insurance industry, property and casualty reinsurers have been using predictive modeling (PM) for several years, but predictive modeling can also be used in group insurance. PM is best defined as a process by which current or historical data are used to create predictions about future events or behaviors. Predictive modeling is a process, not a product, and this article investigates challenges and opportunities in group insurance. 


Reprinted from Employee Benefit Plan Review, March 2015, with permission from Aspen Publishers, a WoltersKluwer Company, www.aspenpublishers.com.

Download "Using Predictive Modeling in Group Insurance"

The Authors

  • Jim Rathburn
    Senior Vice President, 
    US Group Life and A&D
    U.S. Group Reinsurance
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  • Jeff Schuh
    FSA, MAAA, ACIA
    Vice President and Actuary
    Group LTD and CI

    U.S. Group Reinsurance
    Send email >

Summary

This article presents challenges and opportunities in applying predictive modeling to group reinsurance and insurance.
Download "Using Predictive Modeling in Group Insurance"
  • predictive modeling
  • worksite benefit trends
  • persistency
  • actuarial
  • Group Life
  • group re
  • worksite