January 24, 2024
Predictive models are established insurtech mainstays. In fact, most group health insurers have regularly used predictive models for well over a decade.
Now PEOs are realizing that they are practical, proven tools that can help them quote group health business faster, price smarter, and retain more clients. In his article for PEO Insider, Dan Becker breaks down what predictive models really are, how they work, and how they can give PEOs a competitive boost.
Inside the article:
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Why PHQs and GHQs are slowing you down—and how to skip them
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What predictive models actually do (no robots involved)
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How to use them to assess risk in minutes, not weeks
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Why all predictive models are not created equal and how to select the one that works for your PEO
