APIs are the new GUIs and why that should matter to you…
APIs are the new GUIs and why that should matter to you… Felt compelled to write about a podcast I just listened to because it spoke so directly to what we’re doing at ForMotiv that I almost pulled over to take notes. It was an episode of Invest Like The Best with Eric Vishria, a […]
Moving from Descriptive to Prescriptive Analytics
Prescriptive Analytics in Insurance A simple Google search on the different phases of Analytics returns similar results – a graphic with Descriptive, Diagnostic, Predictive, and Prescriptive Analytics. Here’s how each can be summarized in a phrase: Descriptive – What happened? Diagnostic – Why did it happen? Predictive – What will happen? Prescriptive – What should […]
How did Moneyball impact insurance analytics?
The digital transformation has unlocked an unimaginable amount of data and with that – population “averages” that have been used to price policies for years are quickly becoming obsolete. Let’s use a baseball analogy, if you were making a trade but the only information you had from the other team was that the entire roster […]
Automated Underwriting System in Insurance
Automated Underwriting: What Yogi Berra and antidepressants can teach you about automated insurance underwriting Yogi Berra once famously said, “Baseball is 90% mental. The other half is physical.” There’s no question the math used in professional sports these days is different than it used to be. Rewind 20 years ago and you had baseball scouts […]
Behavior Analytics Software | The Ultimate Guide to Behavior-as-a-Service
User Behavior Analytics Software| The Ultimate Guide to Behavior-as-a-Service In this article, we’re going to cover a number of topics ranging from the evolution of user behavior analytics software and the rise of behavior-as-a-service to the future of Behavioral Intelligence and BaaS. Table of Content: Without SaaS, there would be no BaaS… User Analytics 2.0: […]
Algorithmic underwriting is the future, here’s how to stay protected…
Algorithmic or Accelerated Underwriting is the Future Algorithmic underwriting, accelerated underwriting, automated underwriting, doesn’t matter what you call it, simple fact is with the rise of the internet, improved data sources, and big data, the insurance space is moving towards the credit card model with instant decisioning. While we’ve seen it for years in the […]