Why Pinnacle Is the Firm of Choice for Predictive Modeling

Since predictive modeling is such a powerful tool, it should be applied by a firm specializing in insurance that has extensive knowledge and experience. That hard-to-find critical combination is available at Pinnacle Actuarial Resources, Inc.

Pinnacle’s consultants have been involved in predictive modeling applications for the insurance industry for nearly a decade. Known for our expertise in pricing and underwriting, we have completed dozens of predictive modeling projects that include claims data analysis.

Pinnacle’s expertise includes:

• Developing claims settlement value estimation models based on claim characteristics at various points of evaluation in the claims process.
• Creating an “early warning system” for identifying large and extraordinary claims.
• Analyzing industry claims data sources to estimate the impact of law and regulation changes.
• Evaluating claims service providers to determine their value in the claims process.
• Reviewing company policies and procedures and their effect on claim settlement values relating to claim reporting, contact lags and settlement lags.
• Pinnacle does not just provide a model, but offers hundreds of years of combined insurance expertise to help translate the model results into practical applications.
• Our development process is completely open to the client. It provides knowledge transfer to assist clients in developing in-house expertise for performing future claims predictive modeling analysis. This approach helps companies achieve the initial benefits of predictive modeling quickly while developing cost-effective long-term solutions.

Pinnacle does not just provide a model, but offers hundreds of years of combined insurance expertise to help translate the model results into practical applications.

Our development process is completely open to the client. It provides knowledge transfer to assist clients in developing in-house expertise for performing future claims predictive modeling analysis. This approach helps companies achieve the initial benefits of predictive modeling quickly while developing cost-effective long-term solutions.

Pinnacle has widely spoken and authored monographs and articles about predictive modeling which can be found in Publications/Presentations.