Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Rules and Process Management for Insurers
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Mining > Rules and Process Management for Insurers
Business IntelligenceData MiningPredictive Analytics

Rules and Process Management for Insurers

JamesTaylor
JamesTaylor
2 Min Read
SHARE

Chubb has been working with Blaze Advisor to automate a number of decisions. They began with specialty lines underwriting (automated renewals), claims severity calculation and work queue assignment. Current focus is on integrating predictive models and some legacy modernization.

The automated renewals project reduced the time to make renewal ru…


Copyright © 2008 James Taylor. Visit the original article at Rules and Process Management for Insurers.

More Read

ai in insurance
Here’s How AI-backed Insurance Plans Make Your Life Easy
First Look – SPSS PASW Decision Management Solutions
Mobile Business Intelligence
Spark the Flame: The Power Behind Real Time Analytics
Building the Business Case for Behavioral Targeting

Chubb has been working with Blaze Advisor to automate a number of decisions. They began with specialty lines underwriting (automated renewals), claims severity calculation and work queue assignment. Current focus is on integrating predictive models and some legacy modernization.

The automated renewals project reduced the time to make renewal rule changes from 3-6 months of IT work to 2-3 days of IT work. The project contains a rule maintenance application and a batch cycle that runs the renewals through the rule server based on the current set of rules in the repository. The rule maintenance application was based around what they called “levers” – each lever is an attribute that can be used as part of the renewal decision. There is also a What-If feature. This allows business users to see the results of a proposed change in the rules using a year’s worth of data. The project had no quality problems, generated some good teamwork and hit its schedule. The What-If capability, a decision simulator really, seems like a crucial component.

Disappointing lack of information about what Chubb has been doing and too much generic Fair Isaac stuff but oh well.

Previous in series

ShareThis


Link to original post

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Big Data and Rise of Predictive Enterprise Solutions

4 Min Read

Huffington Post: Crawling with data addicts

4 Min Read

“I propose a new definition of business intelligence … Wikipedia provides a simple layperson…”

2 Min Read
Image
Business IntelligenceData ManagementData Visualization

Assisted Insight: The Future of Data Discovery

7 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?