Firms can better manage risks with data analytics, experts say

06/12/2013 | Business Insurance (tiered subscription model)

Organizations can improve their risk financing and claims handling with data analytics and predictive modeling, according to experts. Analytics should include a portfolio view of risks as well as an examination of volatility and the range of potential outcomes, said David Heppen of Marsh Global Analytics. "Ultimately, make a decision on the overall basis, not just line by line of business," Heppen said.

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