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Predictive Modeling 1: Origins in Insurance

Few developments have altered the insurance business as much as predictive modeling and more change is ahead. Here Insurance Journal's Andy Simpson begins a wide-ranging discussion on predictive modeling, its origins, evolution and impact on the industry, consumers and jobs with two actuaries, Claudine Modlin, a senior consultant with Towers Watson, and Steven Armstrong, who is chief pricing actuary for Chartis Consumer Insurance. Both are fellows of the Casualty Actuarial Society. In this segment, Modlin and Armstrong discuss the origins of predictive modeling.

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