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About ARC

Actuarial Resources Corporation (ARC) is a nationally recognized actuarial software and consulting firm.  

 

Since 1987, we have been providing services for life, annuity, and health insurers, reinsurers, investors, lenders, guaranty associations, state regulators, producers, and attorneys needing expert advice or testimony in insurance and tax matters.

Copyright © 1987 - 2018 Actuarial Resources Corporation. All rights reserved.

ARC Predictive Analytics

Why Use ARC Predictive Analytics

 

ARC Predictive Analytics brings together business, mathematical and IT disciplines to assist insurers and reinsurers in actuarial and operational modernization.  Using ARC Predictive Analytics enables companies to

  • Increase revenue

  • Decrease expenses

  • Reduce risk

 

The insight gained by the application of predictive analytics allows companies to respond to the rapidly changing dynamics of the business.

 

Predictive analytics should be approached as a strategic competency to be used throughout the company’s operation.  Organizations who adopt analytics-based decision making early tend to prosper, while latecomers tend to suffer.

Predictive Analytics Applications

 

ARC Predictive Analytics introduces scientific rigor to the decision-making process, using empirical data as evidence to validate or supplant “conventional wisdom”.  By using these techniques, relationships and trends not previously noticed can be detected, and management responses can be evaluated.

 

ARC can assist your company across the organization, with expertise in the key disciplines necessary to effectively integrate predictive analytics into the organization:

  • Data collection , management and organization

  • Specifying, evaluating and interpreting the mathematical models

  • Understanding the implications of the findings from the perspective of the business, and communicating what we find

  • Translating model results into recommendations and assessments of expected results

Benefits of Using Predictive Analytics

 

ARC Predictive Analytics can be used throughout the organization:

  • Marketing and customer analytics – policyholder retention analysis, identifying demand, distribution and campaign efficacy, additional sales opportunity among existing customers

  • Underwriting – automated or streamlined response, precise risk classification

  • Claims – fraud detection, forecasting

  • Operational – workforce optimization, illness/disability forecasting

  • Actuarial – improving pricing assumptions and understanding dynamics of business

Next Steps

For more information, contact: