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Run Time: 10:02
Predictive Modeling 5: Jobs Impact and Why All Models Are Wrong
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 predictive modeling will affect the employment picture in insurance and offer some cautions about the use of models.