The Punchlist: Rock Solid Execution
It's not hard to find discussions of the benefits and new opportunities presented by predictive analytics in underwriting. However, it's important to remember that predictive analytics cannot be successful without a solid implementation plan.
The number one cause of failure that insurers see in predictive analytics projects is not a technical or theoretical problem with the model. It is fundamental problem with a poorly designed or executed implementation plan.
Whether building a model in-house or hiring an outside vendor, there are a few areas to focus on to ensure a successful implementation.
Download this guide now to learn what the top 3 areas are.