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Run Time: 11:27
Predictive Modeling 4: Looking Ahead, Beyond Pricing
Insurance Journal's Andy Simpson continues the discussion on predictive modeling with two actuaries, Claudine Modlin, a senior consultant with Towers Watson, and Steve Armstrong, who is chief pricing actuary for Chartis Consumer Insurance. In this segment, Modlin and Armstrong discuss how insurers are employing predictive modeling for more than pricing and whether this growing trend undermines the very concept of insurance.