Ventiv Predict
Gain a deeper understanding of claims by analyzing ALL data
The way a company manages its claims process is vital to its profitability and becomes more vital
in a difficult economic environment. Claims departments face increasing expenses with ongoing
pressure to settle faster. In addition, claims departments are experiencing a dwindling talent
base, outdated technology, missed subrogation opportunities and rising legal costs. A company's
claims are a rich source of data that go mostly untapped because more than three-quarters of
the data is unstructured. Digital images, emails, adjuster notes and medical records can provide
invaluable information – if that information can be viewed in context.
Overview
KEY BENEFITS
Quickly identify high-severity
and jumper claims
STP for low-complexity
claims
Decrease litigation risk
Minimize missed subrogation
cases
Accurately forecast
case reserves
Improved adjuster efficiency
and productivity
Ventiv Predict is an advanced analytical solution
designed specifically for the risk and insurance
industries. This solution streamlines the predictive
analytical process by combining data integration
and preparation, advanced analytics and model
deployment, into one integrated software product.
Containing a series of pre-built predictive analytical
models, it empowers organizations to turn the growing
volumes and varieties of data into actionable insights
so that they can make data-driven decisions—in real
time—throughout the claim lifecycle
The Solution
