PREDICT
How Ventiv can help
Ventiv Predict is an advanced analytics 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.
Ventiv Predict contains a
series of pre-built predictive
analytical models including:
• Case Reserving
• Litigation Identification
• Subrogation Propensity
• Claims Duration
Forecasting
• Claims Severity Scoring
F i g u r e 2 – V e n t i v P r e d i c t S c o r e c a r d
Using an extensive claims history database of tens of millions of claims, representing over
$80bn in settlement amounts, Ventiv Predict 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. Organizations using Ventiv Predict
have been able to:
• Quickly identify high-severity and jumper claims
• Straight through process low-complexity claims
• Decrease the risk of litigation
• Minimize missed subrogation cases
• Accurately forecast case reserves
• Improve adjuster efficiency and productivity
OPTIMIZING CLAIMS | 7
