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(Editor’s Note: This article has been contributed by Stuart Rose, global insurance marketing manager at SAS.)

Insurance companies have implemented new claims management systems to improve the claims process, yet loss ratios continue to rise and fraud still occurs. To remain competitive, insurers need to consider applying predictive analytics across the claims life cycle. By looking at claims data in its entirety, insurers will be better positioned to optimize loss reserves, increase productivity, and root out fraud. 

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