Ventiv Technology

Ready or Not: Preparing for the Unexpected - How GIS and AI are helping risk managers and insurers respond to catastrophe claims

Ventiv Resource Library

Issue link: https://ventiv.uberflip.com/i/1498893

Contents of this Issue

Navigation

Page 8 of 9

Conclusion Risk managers and insurers are just beginning to reap the rewards of game-changing technologies such as GIS, satellite data, analytical tools, artificial intelligence, and machine learning. But it is clear, these powerful technologies are showing tremendous value in mitigating the ongoing risks of catastrophes. These technologies can model and track a major storm system, wildfire or other natural catastrophes. They can identify locations at risk and the hazards they are facing. They can help customers improve support with real-time communication with employees, policyholders and other parties. They can increase the efficiency (and speed) of claims management. And, they can improve response time and navigate recovery efforts where they were needed the most. Stay ahead of the curve. Talk to a Ventiv representative today to learn more about our cutting edge approach to claims and risk management systems. Organizations using Ventiv Predict have been able to: Quickly identify high-severity and jumper claims Implement straight through processing on low-complexity claims Decrease the risk of litigation Minimize missed subrogation cases Accurately forecast case reserves Improve adjuster efficiency and productivity READY OR NOT | 8

Articles in this issue

Archives of this issue

view archives of Ventiv Technology - Ready or Not: Preparing for the Unexpected - How GIS and AI are helping risk managers and insurers respond to catastrophe claims