News & Press
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October 4, 2010 - I Know I Need to Use My Data ...... But
December 18, 2008 - Claim Data Analytics - The Future is Now
March 19, 2008 - Developing a Data Analytics Strategy and Calculating a Return on Investment
News & Press
October 4,2010 - I Know I Need to Use My Data ...... But
This article was recently published in Self Funding Magazine and discusses using data to take back control over the respective program and drive the results in the right direction. [ read more ]December 18,2008 - Claim Data Analytics - The Future is Now
Data Analytics is quickly becoming a topic of important conversation among Claim Executives. However it is not always fully understoond how claim data can be turned into a competitive advantage that allows a company to create a distinctive differentiation among its peer competitors. To get started requires a mindset for change (...) [ read more ]March 19,2008 - Developing a Data Analytics Strategy and Calculating a Return on Investment
For companies, like insurance companies, who offer a commodity product (little differentiation in product features, offered by many, and often sold on price) a Data Analytics strategy, including Data Mining and Predictive modeling, may be one of the last methods for a company to differentiate itself from its competition. The objective of (...) [ read more ]January 15,2008 - Claim Insights Expands its Scope
Claim Insights has now moved beyond just claim data and now integrating underwriting data as well. The advantage is tying underwriting rating variables to loss experience, enabling a company to refine their pricing parameters, build a model for better predicting potential loss experience based on insured characteristics, and better track (...) [ read more ]August 22,2007 - Data Analytics - The New Management Strategy
There are some who have been around the industry for a long time who stipulate the industry doesn’t change, it just goes through familiar cycles over and over. Certainly much of that experience from the old wise ones is true. We go through soft and hard cycles, mostly soft, but (...) [ read more ]
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Predictive Modeling:
Predictive modeling explores cost and business drivers, creates special studies, and identifies target variables. We help companies advance from claims processors to powerful claims management organizations.
Solutions:
Data Analytics and Data Mining/Predictive Modeling provide unlimited opportunities for knowing what drives your business and provides the means to strategically address those drivers. Here are a few examples of Claim Insights solutions to control payout, expense management, and productivity.