Neighborhood Disaster Preparedness and Insurance

Historically, insurers have relied on linear regression of a small number of risk factors, largely reported by the policy-holder on a trust basis, to determine an insurance premium. However, a good prediction model of individual future insurance costs is becoming a business essential as competition in the insurance industry and low customer switching costs have become key drivers for insurers to build a pricing structure which covers their incurred costs.

Insurance claims management is the process of managing a claim from reception to settlement. The insurance claim process is particularly suited to machine learning solutions as much can be done to cut time and costs, leading to speedier resolution of claims to the satisfaction of both insurer and insured.

Remote employee management refers to the methods of managing remote workers. Whether they are seasoned in-field professionals or office workers newly adjusting to working from home, the approaches may be different but the data collection and analysis will be similar. In these fraught times, especially, managers must take special care to account for their employees’ mental states.