Bringing leading edge predictive modelling to insurance companies for improved outcomes.
Why Are Most Insurance Companies Missing Out on Predictive Modeling Impact?
I recently spoke at the 56th annual Canadian Reinsurance Conference.
My presentation was titled “cREating Opportunities Amidst Change” and essentially I shared information with participants about predictive modeling and the powerful impact it can have on business results.
The presentation was very well received, and it got me thinking about how so few insurance businesses truly leverage the benefits of
Is Your Company Leveraging Predictive Analytics to Improve Claim Outcomes?
Recently, at the 2012 annual Insurance Canada Conference, Claim Analytics shared best practices insights about the impact of data, and predictive analytics in particular, on claim outcomes.
The Insurance Canada Conference focuses on technology improvements in the insurance sector that facilitate:
- Better workflow
- Smoother processes
- Higher-quality data
- Timely access to transactions and information
- Improved decision-making and planning
The power of
Do You Measure Up in Your Recovery Experience?
Benchmarking studies can always help you to hone in on areas of claims management where your performance is either stronger or weaker than average. You can then leverage best practices to improve termination rates, decrease claims costs and generally improve your claim practices.
Claim Analytics recognizes the foundational value of benchmarking, and in 2011, we conducted the Group LTD Benchmarking
SFM Insurance uses Predictive Modeling to improve claims handling
SFM, a Midwestern workers’ compensation insurance leader, is utilizing the predictive modeling formulas of Claims Analytics to enhance their claims handling process. Models have been built, using advanced techniques, to indicate likelihood of return to work and to identify exploding medical expense claims.
“This predictive modeling project with Claim Analytics has been a real eye-opening experience for us, it is
Hello fellow Claims Professionals!
Welcome to our new blog where we will be keeping you informed on our thoughts and in sights into what is new and happening in the world of predictive modeling in the insurance industry!
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