White Paper

Matching Predictive Analytics with Human Intelligence

Models can identify potential severity early in the life of a claim, ensuring appropriate assignment, collaboration with managed care, and execution of key claim management activities.

White Paper Summary

Predictive analytic tools allow insurance companies to utilize historical claims data to proactively mitigate exposures and claim outcomes. Additionally, predictive analytic models afford the opportunity to identify potential claim exposure on traditionally no-touch claims, ensuring they are reviewed and the appropriate action is taken early in the claim management process.

Key Activities to Optimize Predictive Analytics Implementation:

  • Develop strong partnership and joint effort with claims and IT
  • Include Claims Field Operations early in the model development process. Their key responsibilities are as follows:

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To learn more about ORGIG, please visit their website.

The General Insurance Group is the largest business segment within the Old Republic Insurance Group and specializes in the property & casualty marketplace. Each company focuses on a select segment, offering specialized insurance coverages or specializing by industries. This is our competitive advantage. While collectively we offer a full suite of risk management and insurance solutions, our expertise in unique industry segments is unsurpassed. We serve large corporations with complex risks, small and mid-sized companies, and consumers with home and auto warranty offerings.

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The R&I Editorial Team can be reached at [email protected]