Adverse Selection Warning Signs: How to avoid being negatively impacted by the competition.
Publisher: Valen Analytics
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Learn how to avoid being negatively impacted by the competition by identifying the common warning signs that you are being adversely selected. With more companies using predictive analytics, this topic is growing in importance. Recently, Dowling & Partners Securities, LLC, released a special report, saying the "use of predictive modeling is still in many cases a competitive advantage for insurers that use it, but it is beginning to be a disadvantage for those that don‘t." The question for many remains: Is my competition using these tools and am I being affected? Key insights: The Adverse Selection Cycle Identify whether the competition’s pricing is rational Step-by-step solutions
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