In the back office, text mining allows P&C insurers to gain a better understanding of claims operations, optimize workflows, and detect potentially fraudulent claims.
Modern claims administration systems have enhanced the process and enabled greater efficiencies, but BI can take the operation to the next level, offering better decisions for improved claims outcomes.
Will predictive analytics be the next killer app for claims handling? Insurers seek higher-order optimization opportunities to increase internal efficiencies and customer satisfaction.
Mitchell International, Inc., a provider of technology, connectivity, and information solutions to the property & casualty claims and collision repair industries, announces it is partnering with information, analytics, and business services provider, CoreLogic.