This Week in Analytics: News

Four analytic errors that can defeat data project efforts, Workers’ Comp Insurers’ Analytic Solution to Lowering Rates, Super Regional Carriers Gain by Educating ‘Suspicious’ Regulators About Tech Advances, Advanced Analytics Can Help Insurers Boost Customer Service at Multiple Points, Insurers plan to spend more on analytics, BI

Four analytic errors that can defeat data project efforts

As your organizations catch analytics fever—and as vendors hype analytics seemingly without restraint—it’s good to remember that information is not inherently valuable. In fact, without the requisite thoughtfulness and wisdom, analytics can actually drive people to do exactly what they shouldn’t do.
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Workers’ Comp Insurers’ Analytic Solution to Lowering Rates, Increased Claim Severity

Lower frequency of workers’ comp claims is driving rates down while severity is climbing, but real-time predictive analytics can help insurers to remain profitable. Read the full article…

Super Regional Carriers Gain by Educating ‘Suspicious’ Regulators About Tech Advances

“We’re curious and we don’t know. When regulators don’t know what’s going on, they get suspicious.” Read the full article…

Advanced Analytics Can Help Insurers Boost Customer Service at Multiple Points

The one constant in insurance is that there will always be new innovations and trends that suddenly disrupt the industry. Read the full article…

Insurers plan to spend more on analytics, BI

While insurers’ recent analytics projects have shown steady progress in innovation, the development of artificial intelligence, big data platforms and the Internet of Things indicates carriers must deploy these technologies even faster to keep up, according to a new study by Strategy Meets Action. Read the full article…