Automation and Artificial Intelligence: Insurance Industry Observing a Paradigm Shift

Artificial Intelligence (AI) includes everything from machine learning to figuring out Internet of Things (IoT). Due to these technological advancements, AI frameworks are currently ready to perform tasks that required human knowledge, such as claims processing and claims management. From self-driving cars to robotized associates, Automation and AI is quickly advancing and discovering its way into our daily prerequisite, leading individuals to underestimate […]

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Big Data Analytics Understanding the Importance Descriptive, Predictive and Prescriptive Analytics for Insurance Companies

Knowing what is going around you, what has happened or what is about happen is called smart management with a keen observation of information floating around. A similar trend today, is seen in insurance businesses, where with the use of Big Data and Claims Analytics, insurance organization and risk managers overlooking the claims are using Descriptive, Predictive and Prescriptive […]

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Insurance Claims Analytics – Predict future events and Manage Claims Loss

In the insurance industry landscape, majority of Fraud, Waste and Abuse claims have become a persistent problem for many insurance companies. Among this Healthcare and P & C claims constitute most number of false claims and happens on regular basis. The U.S. Department of Justice (DOJ) recently reported recovery of about $2.5 billion in claims settlement settlements […]

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Predictive Analytics Solutions in Healthcare Insurance – A Boon For Insurance Buyers as well as Payers

Predictive analysis in the healthcare insurance sector has achieved a paradigm shift from the customary traditions of risk assessment with analytical approach. It has the ability to change the way healthcare providers support health and well-being, while also keeping in mind the risk involved with each claim. In a recent Food and Health survey, studying customer state […]

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Predictive Analytics – An Overview of Analytics in Claims Management

Claims management experts today, if one has to draw up comparison can be associated to a warrior on mission. The only difference here is that he/she are not there to assassin people, but to make sure they get their payouts, dues, co-pays and reimbursement on time. While we talk about rolling a crystal ball in Healthcare Claims […]

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