Interactive Graphic: Predicting Auto Bodily Injury Claim Severity
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.
Cumulative distribution based on smoothed curve fit to actual data.
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.