Claude Penland: Actuary & Partner, Ezra Penland Actuarial Recruitment

“Angst will extend to something that may be as minor as a traffic ticket, since that will cause their rates to increase for three years. Is this what drivers want?

Would our Mennonite friends report their barn fire if the result were a three-year period of being shunned by the community? Is this truly the way that insurance was meant to operate?”

Why, um, yes, insurance ratemaking is meant to recognize potential risk specifically during the pricing process.

Cake Health says that the service can save users money in a few ways:

It will help suggest plans that best suit your needs, and will also check to see that the claims being filed make sense.

Insurance Industry Thought Leaders Speculate on Innovation through 2020:

Frank Petersmark, CIO Advocate, X by 2 (Farmington Hills, Mich.)
Matt Josefowicz, Managing Director, Novarica (New York)
Clark Troy, Research Director, Aite Group (Boston)
Scott McKay, SVP and CIO, Genworth Financial (Richmond, Va.)
Piyush Singh, SVP and CIO, Great American Insurance Group (Cincinnati)

Claritics Raises $1.5 Million For Cloud-Based Analytics Apps.