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Analytics

Why Historical Insurance Data Models Don't Work in our Current Environment

Classic data modeling and history-based actuarial models do not comprehensively work anymore. In order to get useful insights that can be implemented to support customers and the business, insurers must rapidly incorporate new data sources in their analysis. Current events that are different than anything we have seen in recent history force us to get used to a new world that cannot totally be evaluated and analyzed based on historical experience and knowledge.