How Much Insurance Does an Insurer Need? Data Analytics Transforming Carrier ERM
Excerpted From Carrier Management | November 13, 2015
Insurance carriers are not just using data analytics in underwriting and claims, according to Claude Yoder, head of Global Analytics at Marsh, who explains the growing use of analytics by the risk management function. Using the example of an insurance carrier evaluating the adequacy of D&O limits, Yoder explains that analytics are transforming enterprise risk management, giving insurance company risk managers tools to justify insurance purchasing decisions and evaluate capital adequacy.