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Wednesday, September 10, 2014

Advanced Analytics in Insurance

Article from  McKinsey:  " ... Advanced analytics can transform how insurers do business, but realizing its potential requires complex, large-scale organizational changes. ... Actuaries using advanced math and financial theory to analyze and understand the costs of risks have been the stalwarts of the insurance business forever. Indeed, the analytics performed by actuaries are critically important to an insurer’s continued existence and profitability. ... " 

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