Allstate uses crowdsourcing for auto insurance claim predictions

Car Accidents with Uninsured Motorists Cost

Insurer uses its broad connections to predict which cars will result in claims. Allstate Insurance has been recognized as the Most Connected Company by U.S. News, and decided to use that strength through a crowdsourcing technique in order to help find a solution to improve its forecasting model for bodily injury auto insurance claims, based on the type of vehicle involved in the crash. Forecasting is a critical capability for insurers, and the predictive data analytics that they use. These companies have become highly dependent on models that will help…

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