Usage Based Insurance: Connecting the Complexities of Auto Insurers

The task of underwriting, especially in the Auto Insurance is evolving. Typically, risks associated with insurance have been computed on accident rates, driving behavior, demographics and age. However, consumer expectations are now changing, and they are looking for more customized premiums that are based particularly of their driving conduct, and not simply generic data. As per research by the […]

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Utilizing Auto Insurance Analytical tools to combat Fraudulent Claims

The rate at which insurance frauds are happening today is startling as it accounts for at least 10-12 percent of all insurance premiums, a proportion that has remained moderately steady for the past two decades. However, in reality the entire scale or real numbers is still unknown. Regardless of the possibility that there are authoritative […]

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Claims Analytics – Analytical Techniques used in Identifying Claim Frauds

To balance the healthcare losses and to raise the overall value of a healthcare organization, claims analytics is the solution. Beyond the difficulties of meeting healthcare reforms, payers are handling complications, like changing consumer behavior and payment expectations, while also looking for customer attrition, waste and fraudulent claims and cost of operations. For most industry […]

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