Revving Your Analytic Horsepower
As seen in Claims magazine
In "Revving Your Analytic Horsepower," published in the November 2011 issue of Claims magazine, Kevin Bingham, Principal, Jim Kinzie, Senior Manager and Kim Small, Senior Consultant, all of Deloitte Consulting LLP, discuss how advanced analytics can play an important role in the claims processing system transformation that many insurers are engaged in today.
Property and Casualty insurers across the country are at various stages of upgrading their core claims management systems. A fortunate few have already completed the journey of information technology (IT) transformation. However, for many others, the claims IT transformation journey is just beginning. It is vital for claims organizations to begin considering how advanced analytics can eventually play an important role in the claims processing system transformation. In this article, the authors discuss how through a holistic perspective, insurers can improve planning and design efforts today, to help bring analytics along for the ride into the future.