Public Information
Insurance credit-scoring models are considered proprietary, and a trade secret, in most cases. The designers wish to protect their models from view for a number of reasons: they may provide competitive advantage in the insurance marketplace, or they anticipate consumers might alter results if the computations were common knowledge. Thus there is little public information available about the details of insurance credit-scoring models.
- One actuarial study has been published, The Impact of Personal Credit History on Loss Performance in Personal Lines, by James Monaghan, ACAS MAAA.
- Allstate has published a private passenger automobile credit scoring model, the ISM7 (NI) Scorecard (where "NI" indicates no inquiries are considered).
Read more about this topic: Insurance Score
Famous quotes containing the words public and/or information:
“The true poem is not that which the public read. There is always a poem not printed on paper,... in the poet’s life. It is what he has become through his work. Not how is the idea expressed in stone, or on canvas or paper, is the question, but how far it has obtained form and expression in the life of the artist. His true work will not stand in any prince’s gallery.”
—Henry David Thoreau (1817–1862)
“I am the very pattern of a modern Major-Gineral,
I’ve information vegetable, animal, and mineral;
I know the kings of England, and I quote the fights historical,
From Marathon to Waterloo, in order categorical;”
—Sir William Schwenck Gilbert (1836–1911)