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  • UNI Consulting

Predictive Modeling in insurance industry

Claims Forecasting - insurers can use predictive modeling to forecast the number of claims, cause of loss and severity of claims.

Fraud Detection - insures can use predictive models identify patterns that indicate fraudulent activity.

Risk Assessment and Pricing - insurers can use predictive modeling analyzing geographical location, age of the home, homeowners' credit score, and building materials better assess the risk associated with a specific policy. This can help them price a policy more accurately.

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What is Reinsurance

Reinsurance is insurance of insurance. Reinsurance is a contract that reinsurance companies indemnifies a primary insurer for losses paid under a primary insurer's policies. Reinsurers assumes risk fr


ROL is a term used to express the cost of reinsurance coverage as the percentage of the limit of coverage. ROL stands for "Rate on Line". It is a way to standardize the cost of reinsurance so it can b

Facultative Reinsurance

A form of reinsurance that provides coverage for an individual or a group of risks. The reinsurance company has the right to accept or deny a facultative reinsurance offer, which is made on a case-by-


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