From fast tracking claims to spotlighting fraud, predictive analytics continues to provide increasing value to claim operations. Predictive analytics enables companies to develop operational efficiencies, enhance customer service, and increase cash flow by maximizing recovery opportunities.

Simply stated, predictive analytics is a way to project outcomes (with a certain level of probability) based on patterns derived from historical events. A key benefit of this strategy is that it can be a one-size-fits-all application. If there is a business question to be resolved with underlying data, then predictive analytics can provide insights not previously recognized.

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