In 2013, Earnix and ISO, two consulting companies, conducted a joint survey on how predictive modeling and analytics are used throughout the insurance industry. Responses were gathered from 269 individuals representing companies that sell personal and commercial insurance in the United States and Canada. According to this 2013 Insurance Predictive Modeling Survey, the majority of insurance companies utilize predictive analysis with as many as 82 percent of them claiming that their companies use predictive analytics in at least one line of their business: "The survey confirms that the industry has recognized the value of predictive analytics but still faces challenges...The post How to Use IBM SPSS for Insurance Claims Optimization appeared first on Cresco.
