5 Predictive Analytics Use Cases

Utica National Insurance Group is highlighted in this showcasing of several innovative uses for advanced analytics.

Photos courtesy of Shutterstock. This story originally appeared at Information Management.

Visions of Risk

Every business wants to peer into the future, but few industries rely so heavily on forecasts as insurance. So it may be of little surprise that insurers have deemed predictive models as a top investment priority. At Utica National Insurance Group, sometimes the predictive models they’ve put forth are low on effort but high on unexpected returns. For example, continuously incoming credit reports enable a model that can assess risk appetite based on a range of existing data rather than credit score alone.



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