Interactive Graphic: Predicting Auto Bodily Injury Claim Severity |
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Choose claim characteristics for a hypothetical claim by clicking on the bar graphs on the left. The bar graphs represent a historical snapshot of average claim severity for a single characteristic – this is not predictive analytics. Predictive analytics uses a model to predict future severity based on the combination of claim characteristics. Click the characteristics to see how the prediction changes. |
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Descriptive Analytics |
Predictive Analytics |
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Attorney |
Gender |
Predicted Severity $ 5,060
Cumulative distribution based on smoothed curve fit to actual data. |
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xsaxsax |
Age |
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Seatbelt |
Data from the Insurance Research Council (IRC), a division of the American Institute for Chartered Property Casualty Underwriters and the insurance Institute of America. The data was collected in 2002.