Tag: Predictive Analytics

Analytics: changing the face of airplane travel | Information Age

Analytics: changing the face of airplane travel | Information Age

Predicting instead of second-guessing Anyone who has ever booked a flight knows that it’s next to impossible to predict exactly when the best time to do so is. Many people have had the experience where they book a flight one day only to find it much cheaper somewhere else just a few days later. Analytics […]

Consumers using price transparency to budget, not comparison shop | BenefitsPRO

Consumers using price transparency to budget, not comparison shop | BenefitsPRO

People looking for health care coverage aren’t using price transparency tools to shop around for cheaper providers. Instead, says a new study, they use them to plan for out-of-pocket expenses. The Accenture study, reports Modern Healthcare, gives the lie to the claim that consumers will shop around for the cheapest providers if they know the […]

Consumers use price transparency tools to financially plan, not shop around | Modern Healthcare

Consumers use price transparency tools to financially plan, not shop around | Modern Healthcare

The majority of healthcare consumers use price transparency tools to financially plan, a new survey found, contradicting claims that consumers will shop around for the cheapest providers if they know the price before obtaining care. The survey, released this week by Accenture, reported that nearly half of consumers, 46%, seek price information to budget for […]

4 Ways You Could Be Incorporating Artificial Intelligence Into Your Marketing Strategy | Entrepreneur

4 Ways You Could Be Incorporating Artificial Intelligence Into Your Marketing Strategy | Entrepreneur

4. Pricing Finally, another huge opportunity for AI-savvy marketers is the possibility of dynamic pricing. As digital content manager Robert Allen has wisely commented on LinkedIn: “Discounts are extremely powerful, but they can also hurt your bottom line . . . sales are so effective because they get people to buy your product that previously […]

Trainline uses predictive analytics to help rail passengers save money | Computer Weekly

Trainline uses predictive analytics to help rail passengers save money | Computer Weekly

Trainline has revealed details of how it is using predictive analytics to help rail passengers save money when buying tickets on its app through the roll-out of its Price Prediction tool. This service uses big data to judge how the price of an advance ticket will increase in the days leading up to the passenger’s […]

How Healthi is using predictive analytics to promote preventive healthcare | YourStory

How Healthi is using predictive analytics to promote preventive healthcare | YourStory

The challenges “When we started we thought our biggest challenge would be taking the healthcare report and making sense of it. But what we found was that most partners we worked with had customised systems and no standard mechanisms. So the challenge was how do we talk to multiple players and get the systems to […]

A proactive approach to working with regulators | PropertyCasualty360

A proactive approach to working with regulators | PropertyCasualty360

The relationship between insurers and regulators has always been challenging. This is true for any number of reasons, some of which are understandable given the nature of the roles that regulators perform, and the sheer number of requirements across the U.S. For instance, an approach to policy pricing that’s approved by regulators in one state […]

What Does It Take To See Gentrification Before It Happens? | NPR

What Does It Take To See Gentrification Before It Happens? | NPR

Big data is a shorthand term for the insane amounts of information being generated by human beings in our digital world. From cellphones to credit card transactions to social media, we are all leaving digital contrails of almost all of our activity in the world. Learning how to harvest and analyze these digital traces en […]

Farmers Insurance asks court to block state review of auto rates and a possible refund order | LA Times

Farmers Insurance asks court to block state review of auto rates and a possible refund order | LA Times

The roots of the Farmers case are quite different, but ultimately involve the issue of whether the commissioner can order a retroactive rate cut or otherwise tinker with already approved rates. The case started with a 2015 lawsuit brought by Farmers customers who alleged that the company had been illegally charging some customers more than […]

Predictive Analytics in Insurance | Actuarial Post

Predictive Analytics in Insurance | Actuarial Post

2 – Take a strategic approach to deployment Implementation of predictive models is arguably one of the biggest hurdles within the whole process. During this phase, the models are integrated with existing systems. The best thing to do is take a strategic approach by starting deployment with a system that will make the output easy […]