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.
The Atlanta-primarily based organization stated in a declaration that claims optimization and predictive triaging, referred to as Claims OPT, will provide real-time, constantly up-to-date predictive modeling so that whenever a claim record is up to date with new facts, the claim is re-scored for its capability to develop adversely.
The statement said that when the claim score reaches a given threshold, the risk or claims manager is mechanically notified.
The business enterprise declaration stated that 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 announcement said it could even allow them to quantify their dangers and the effectiveness of any loss mitigation strategies and offer better reporting and evaluation to senior management. Marsh LLC offered its 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.
