“Predictive analytics” as a tech tool has been a part of the insurance business conversation for some time now. The idea behind the technology is to aid underwriters and others to make the best pricing decisions possible based on targeted analysis of claims data. Predictive analytics was addressed briefly in the first part of this series on technology and its relationship the millennial workforce. Below, in the second part of Louisiana Comp Blog’s “Tech Trends” series, Joe Burgess, business development expert with Nevada-based CHSI Technologies, offers his perspective on how predictive analytics can benefit small workers’ comp companies.
Louisiana Comp Blog invited local attorney Bobby Truitt to address the features of case management software for law firms and adjusters and weigh in on the benefits afforded by the technology. Read on for Truitt’s take on the available options, with commentary from Lee Glickenhaus, President of T Lex, a provider of web-based case management tools for such companies as Sears and Kmart.
In a recent New York Times editorial, technology columnist Conor Dougherty proclaims, “to the list of jobs threatened by the Internet, add one more: insurance agent.” Louisiana Comp Blog explored this concept and gauged local concern in the independent agent community. Read on for perspective from Ross Henry of Henry Insurance Service and Eric Vocke of Capstone Insurance.