Text-Mining, Drug-Impaired Driving & Auto Insurance Severity: Milliman Analysis

(No Ratings Yet)

Loading...

5,109 views

---

---

There is valuable information hidden in the notes of auto insurance claims adjusters that isn't being captured in carrier's data systems, according Milliman's Philip Borba, an expert in mining the possibilities of unstructured data. In this interview, he discusses a recent analysis of narrative information related to nearly 7,000 auto accidents, which revealed a statistically significant link between driver drug use and the severity of accidents.

Other videos you might like:

• EP. 48: Learning to Time Travel: Why Insurers Should Embrace Both the Future and the Past
• EP. 45: Beyond Zeros and Ones: When Cyber Attacks Become Physical
• EP. 44: Part 2 – What the COVID-19 Digital Threat Landscape is Teaching Insurers Post-Roe
• EP. 42: Inside Out: How Exit Crime, Insider Threats Are Creating Challenges for Insurers