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24 April 2017
Life insurers still struggle with the use of technology to evaluate the accuracy of predictive models, according to Gen Re.
Proponents of predictive modelling say it helps underwriters use consumer data more accurately to assess risk.
“One of the many challenges life underwriters and actuaries face in adopting new prediction technology is how to evaluate the accuracy of the model,” US-based Life/Health Chief of Decision Analytics Guizhou Hu said.
Technology has made it easier for life insurers to store medical records and other important data, but they have yet to fully utilise it in predicting mortality, he says.
“The challenge for every industry is how to harness and effectively utilise that data to drive more profitable business. The insurance industry is no exception to that rule.”
18 April 2017
The successful applicant will be responsible for all ANZ Claims (ie direct) related strategic procurement for bodily injury (ie providers of services relating to health, recovery and injury management) and investigations (ie providers of investigative services).
11 April 2017
Westlawn Insurance Brokers is an established and respected local company with nine branches across Northern NSW. We are looking for an Insurance professional with drive and commitment to join our Lismore team.
11 April 2017
With responsibility for Professional Liability across both Australia and New Zealand, this role will require delivery on product strategy, profitability, growth and efficiency.