Experts: Cost of predictive analytics is a hurdle for insurance CEOs

12/16/2012 | Insurance Networking News

Many insurance CEOs are reluctant to adopt predictive analytics because of the cost and time involved, according to experts. "Executives are becoming infoholics," ISO's Martin Ellingsworth says, adding that predictive modelers and actuarial experts work closely with business leaders to enhance insurance operations and address uncertainty over insurers' financial performance.

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