Claim Analytics is a leading provider of predictive analytics solutions to the insurance industry.
We can help you use predictive analytics to improve claim performance, improve underwriting results, optimize marketing and sales strategies, and detect fraud and provider payment abuse.
These tools have existed conceptually for decades but have only recently been recognized, appreciated, and applied by the commercial marketplace. We have years of experience delivering results from predictive analytics and we can help you discover, employ or more effectively deliver results from these tools.
We offer two services:
Claim Analytics provides sophisticated intercompany benchmarking. These studies use predictive analytics to normalizes for differences between companies in order to provide apples to apples inter-company comparisons. Unlike traditional intercompany comparisons our studies provide actionable information and valuable insights. For example companies participating in our LTD study see the results if their claims were managed by other companies and in which areas they would most benefit from improvement.