The insurance industry is stuffed with information prepared for reporting and analytics – Claims, pay outs, premiums, and policies. However, preparing partners in your organization to adequately analyse and utilize that information in a timely manner has been a challenge. Each day, senior executives in the insurance industry must make complex, business-critical choices that take into account a wide array of performance metrics and market knowledge. Bilytica Insurance Analytics provide with interactive reporting tools that incorporate the historic data and provide with quick insights to estimate future premiums. The reports generated can be customized as per your needs and wants.
Fraud detection is also an added feature of Biytica’s Insurance Analytics. With the help of various visualizations, Bilytica Insurance Analytics helps you in outlining the outliers and any kind of suspicious data patterns in an organized and timely manner. It streamlines the data which shows out-of-pattern behaviour and immediately take actions in order to resolve it. Dashboards are at the user’s disposal 24/7 and provide specialized filters to find claims that fall outside normal bands, focusing your investigation in a specified direction. It provides with continuous monitoring of statuses, be it, claim processing, claim patterns, fraud detections, forecasting and etc. Bilytica Insurance Analytics assist in generating reports which are used for revenue comparisons which is also an essential for business organizations in order for them to make forward-looking decisions. These reports generated not only highlight the minimum and maximum pay outs but also group codes alphabetically to determine a region of interest.
We can help you to:
- Understand how your business organization is performing.
- Investigate claims patterns to recognize probable fraud.
- Monitor claims processing status.
- Generate reports for revenue comparisons.
- Create estimating models that let you intuitively explore situations.
- Evaluate general portfolio risk profile in single dashboard.