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Insuring success

"If insurers can predict failure, why not success?"

The insurance industry has a tremendous opportunity to transform itself by providing direct value-added service. How can we accomplish this? Insurers have the “secret sauce” of success: the most detailed data on failures and loss exposures, says HSB's Richard Jones, senior vice president of engineering and research, in Best's Review magazine.

We can see the future

"If insurers can predict failure, why not predict success," Jones asks in his guest column published in the January 2016 issue of Best's Review. “Working with insureds, certain data elements can be correlated to identify specific risk mitigation actions that in essence prevent future losses. Today, in some cases, the future can be seen.”

The rest of the story

Click here to read the full article in Best's Review.

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Insuring success