CEOs Concerned about the Time and Cost of Implementing Predictive Analytics

Panel agrees that actuaries must advocate for the tools by presenting potential return-on-investment and other benefits.

INN Breaking News, December 14, 2012

Chris McMahon

Many CEOs hesitate to embrace predictive analytics out of concern over the time and expense of launching the models, according to a panel of high-ranking actuaries and executives at the annual meeting of the Casualty Actuarial Society. The panel presented ideas for educating and encouraging CEOs to press forward with such projects during a presentation entitled “What Executives Need to Know about Predictive Modeling.”

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