Fact Based List:

Bret Shroyer: Top 6 Myths About Predictive Modeling

Submitted by Charlene Ice on Mon, 12/15/2014 - 17:41

  1. Predictive modeling is mostly a technical challenge
  2. The most important thing is to use the right kind of model
  3. It really doesn’t matter which model I use, as long as it’s predictive
  4. Predictive modeling only works well for personal lines
  5. Better modeling will give me accurate prices at the policy level
  6. Good models will give me the right answers

Source: Insurance Thought Leadership, November 21, 2014
Source URL: http://insurancethoughtleadership.com/top-6-myths-about-pred...

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