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October 19, 2011
MINNEAPOLIS – October 19, 2011 – FICO (NYSE: FICO), the leading provider of analytics and decision management technology, has announced that it will host a free, full-day Insurance Industry Forum on November 1 in New York City. The event will focus on major industry trends and ways of applying advanced analytic techniques used by leading insurance companies worldwide to predict customer behavior, enhance risk management, improve pricing in underwriting and identify claims fraud.
The Forum keynote address will be delivered by Dr. Steven Weisbart, senior vice president and chief economist for the Insurance Information Institute. Dr. Weisbart will discuss emerging, game-changing macroeconomic and demographic trends and their expected effects on the insurance industry. In the sessions that follow, Chubb Group will share insight on using business rules to rapidly and effectively implement new strategies and modernize legacy system for faster speed to market. In addition, Pekin Insurance will discuss the industry’s use of credit-based insurance scores for better risk segmentation decisions.
Steven Weisbart, senior vice president/chief economist, Insurance Information Institute
Weisbart oversees the Institute’s economic research and analysis programs, preparing studies in support of the organization’s communications mission, speaking to media and conducting briefings for member companies, industry organizations and public policymakers. A specialist in annuities, pensions and life, disability and long-term care insurance, Dr. Weisbart also frequently makes presentations on property/casualty issues to industry audiences as well as legislative forums.
Tuesday, November 1, 2011; 9:30 a.m. – 5 p.m. ETKeynote address to take place from 10:15 – 11:30 a.m. ET
Sheraton Hotel and Towers, New York City811 Seventh Avenue at 53rd StreetNew York, NY 10019
There is no cost for insurance industry professionals to attend the FICO Insurance Forum. To register, please visit: http://www.fico.com/NYCInsurance2011.
The FICO Insurance Forum is a free, full-day event focused on new strategies and game-changing technologies for solving today’s biggest insurance challenges. Attendees will learn how the most savvy insurers are leveraging analytics to optimize their capabilities around risk management, pricing and fraud identification in order to gain a competitive advantage. Topics will include practical solutions and case studies for insurance underwriting, pricing, claims processing and fraud protection.
The FICO Insurance Forum will be taking place on the same date and in the same location as FICO World 2011, the company’s 34th corporate conference.
For FICO news and media resources, visit www.fico.com/news.
Statement Concerning Forward-Looking InformationExcept for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company’s Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2010 and its last quarterly report on Form 10-Q for the period ended June 30, 2011. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.FICO and “Make every decision count” are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.
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