This article describes contributions of analytics and statistical methods to our understanding of insurance operations and markets. Specifically, it introduces insurance analytics, the foundations of the discipline, and the supporting literature. It also describes current trends in analytics....

Bundled insurance contracts, providing protection based on several loss coverages, are attractive because they allow insurers to focus on the needs of the policyholder. A common contract feature is a deductible set so that the insurance pays the excess over the deductible of the sum of losses...