Decoding Insurer Tactics: Unraveling How They Predict Escalating Individual Risks
Insurers leverage actuarial science to assess risk, using experience rating to adjust premiums based on past claims. Loss ratios evaluate insurer profitability and potential risk increases. Modeling simulates portfolios to predict claims. Risk factors like age and driving habits are identified. Statistical analysis reveals patterns in claims data. Trend analysis anticipates future risk changes. Predictive…