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Insurance Claims Modeling With GLM: A Modern Approach

Dataiku

The estimated risk of an insurance policy is the minimum price an insurer should quote to be breakeven, therefore evaluating this risk with precision and confidence is the foundation of a robust quoting system. For decades, actuaries have used statistical models to predict the risk of losses or damages to calculate an insurance price.

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What Is Embedded Analytics?

Jet Global

Advanced Analytics Some apps provide a unique value proposition through the development of advanced (and often proprietary) statistical models. If you are building quantitative ROI models, that difference in time will show up as the breakeven point earlier in the project lifecycle. They can then pinpoint areas for improvement.