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Eng-Business

What is at Stake if an Insurance Company’s Models Aren’t Particularly Good at Predicting Risk?

In the competitive and highly regulated world of insurance, risk assessment is everything. Insurance companies are built on the premise of predicting and managing risks, from natural disasters to individual policyholders’ health and behavior. These predictions, often powered by complex models, inform the pricing of premiums, the structuring of policies, and the company’s overall financial […]