Insurance Models

Insurance models are systems that help predict and manage risk by analyzing data to determine the likelihood of future claims. They use statistical and financial techniques to calculate premiums, set reserves, and ensure the insurer can cover potential losses. These models help balance affordability for customers with the insurer’s need to remain solvent. Different models focus on aspects like pricing, risk assessment, or fraud detection, often incorporating factors such as age, health, or driving history. Overall, insurance models enable companies to offer coverage responsibly while protecting their financial stability.