Claims management analytics insight #4
Montreal, QC (Dec. 2, 2015) – With daily oversight of appraisers, body shops, parts and labor, claim managers are well-positioned to improve the efficiency of their operations.
With insurance analytics designed for claim managers, new information can be gathered from data already residing in the system, and quickly put to use for this purpose:
- How long does it take to finalize estimates for a particular claim type?
- How many supplements are needed per claim at an affiliated body shop?
- How long does it take to process a particular claim type?
With answers to these questions, claim managers can assess the operational efficiency of appraisers, for example, while leveraging insights to encourage service providers to improve their own operations. The ability to optimize each of these processes is a measure of the operational efficiency of the insurance analytics system.
However, claim managers can’t improve what they can’t see. Insurance analytics give claim managers the tools they need.
InEdge is a leader in Insurance Analytics solutions. Experienced at quickly leveraging data, InEdge seamlessly and powerfully creates business advantage for its clients. Since its creation in 1994, InEdge has designed and implemented some of the most sophisticated analytical applications available today. Our clients add up to an impressive roster of Property & Casualty and Life Insurance companies. Our Analytics solutions improve and make easier decision-making at all levels for our clients. For more information, visit www.inedge.com.