What does the Claim Analytics pricing approach offer beyond current methodologies?
Claim Analytics provides expertise in cutting-edge predictive modeling and pattern quantification techniques. The technology we employ is demonstrably superior to classic actuarial tools in quantifying the relationship between claim drivers and claim costs. This technology is especially strong at analyzing several factors in simultaneity ( age, gender, EP, claim size, industry, occupation, salary, benefit level, change in definition period, region and many more). In addition, our pricing capabilities are enhanced by our reserving capabilities. Our claimant-specific termination rates result in reserves that are significantly more accurate at the individual claimant level. This reserving approach allows us to more accurately allocate claim costs, and thus better quantify the relationship between claim drivers and claim costs.
