Ventiv Technology Inc., a risk control statistics systems issuer, said on Wednesday it has partnered with the actuarial practice of Marsh & McLennan Cos. Inc. Unit Oliver Wyman to release a claims optimization software program product for hazard and declare managers.
Claims optimization and predictive triaging, referred to as Claims OPT, will provide real-time, constantly up to date predictive modeling in order that whenever a claim record is up to date with new facts, the claim is re-scored for its capability to develop adversely, the Atlanta-primarily based organization stated in a declaration.
When the claim score reaches a given threshold, the risk or claims manager is mechanically notified, the statement said.
The product will allow risk managers to enhance their claims management overall performance with actuarially sound metrics and benchmark their overall performance relative to their industry peers, the business enterprise declaration stated.
It can even allow them to quantify their dangers and the effectiveness of any loss mitigation strategies, and to offer better reporting and evaluation to senior management, the announcement said.
Marsh LLC offered it is chance management statistics structures company Marsh ClearSight LLC to RIskonnect Inc. Final yr.
Atlanta-based totally Ventiv is the rebranded hazard control information structures issuer that Aon PLC offered to an era enterprise in 2014.