Predictive models increasingly being used as workers comp underwriting tool | Business Insurance

Predictive modeling is the next logical step to enhance the underwriting process to improve profitability.   

With insurers seeing lackluster investment income on workers compensation premiums, some are using predictive models to improve the accuracy of their underwriting and pricing.

Predictive models often are used in workers comp to reduce claim costs and duration. But as the technology evolves, insurers are looking for models to boost their comp underwriting results and help select profitable accounts.

READ MORE: Predictive models increasingly being used as workers comp underwriting tool | Business Insurance#3#3#3.

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