Annuity Issuers Use Death Forecasting Tech: Willis Towers Watson

July 3, 2019 by Allison Bell

Many North American life insurers are getting ready to make a lot more use of predictive analytics in forecasting how long people will live.

Few of those insurers are making much use of predictive analytics in individual annuity pricing or claim management operations today.

Analysts at Willis Towers Watson have published data supporting those conclusions in a summary of a new survey of 51 large life insurers based in the Americas.

The team asked the insurers how about they’re using predictive analytics technology, and how they might use predictive analytics technology two years from now.

Click HERE to read the full story via ThinkAdvisor.

Originally Posted at ThinkAdvisor on June 18, 2019 by Allison Bell.