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The IC² Institute is an interdisciplinary research unit of The University of Texas at Austin which works to advance the theory and practice of entrepreneurial wealth creation.
Tag Archives: insurance
Empirical Evidence on the Use of Credit Scoring for Predicting Insurance Losses with Psycho-social and Biochemical Explanations
An important development in personal lines of insurance in the United States is the use of credit history data for insurance risk classification to predict losses. This research presents the results of collaboration with industry conducted by a university at … More
Over the past decade, the insurance industry has begun using credit histories to create credit scores for individuals who apply for or, sometimes, renew automobile and other insurance policies. Insurers use these scores in rate-making decisions, raising premiums for individuals … More