15/09/2011
Willis Re is offering select clients the opportunity to use predictive analytics tool ISO Risk Analyzer.
Willis’ reinsurance arm is promoting ISO property/casualty insurance analytics products in return for ISO offering their products to Willis clients.
Willis Re believes predictive analytics is one of the most important trends reshaping the property/casualty insurance industry.
ISO Risk Analyzer is a set of predictive models allowing insurers to classify, segment, and price risks more accurately.
Kevin Thompson, ISO senior vice-president, said: “The models are designed to predict losses at very granular levels of geography, coverage, and peril.
“The more accurate assessment of risk enables insurers to identify the best performing parts of their business, fine-tune pricing accuracy across their book, and drive growth.”
ISO Risk Analyzer supports personal auto, commercial auto, and homeowners insurance.
ISO is the flagship subsidiary of Verisk Analytics.
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WELCOME TO THE Captive Review Cell Company Handbook 2009 – the second edition of our global directory of cell company jurisdictions. Since we last published this directory, the general attitude toward cell companies seems to have shifted up a gear. Whereas single-parent companies have long ruled the captive roost, a slight uptick in the formation of pure captives at the beginning of this year can’t hide the fact that growth in this market is still sluggish.
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Time and time again, Ireland's global open economy is recognosed as one of the country's strongest features, not only by consultants, think-tanks and analysts, but more importantly by the Irish authorities.
While the insurance industry has been globalised for a number of decades, the complexity of carrying out cross-border transactions and covering foreign risk has never been more burdensome.
It's fair to say there are more captives for every square foot of Bermuda than with any other captive domicile in the world.
Lizabeth 27/10/2011 1:12pm
You Sir/Madam are the enemy of confuosin everywhere!
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