Insurance

Building with shield

Within the field of insurance, correct and timely unlocking the patterns of claims data is key to maximizing business value. We’ve collaborated with insurance clients on initiatives such as:

  • Claims analysis including fraud detection modeling programs
  • Natural language processing of adjustor’s notes for improved claims processing
  • Building and implementing pricing models
  • Analysis of IoT impacts on insurance policy claims 
  • Building and implementing price setting tools

ClearGrade™

ClearGrade provides an intuitive and collaborative environment to take out human error, increase transparency, and speed up the time involved with pricing insurance policy renewals. ClearGrade combines the best of data visualization and price modeling in an easy to use web-based platform.

Person with different LOB icons surrounding them

Insurance policy renewal summary view at the book and client level across all Policies and LOB's

Magnifying glass over several documents

Scenarios planning tools allow Underwriters to explore impacts of policy term and pricing adjustment on P&L

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Actuarial inputs are clearly provided throughout the interface, greatly reducing labor hours


 

Recent Thoughts on Insurance

The goal of predictive analytics is to combine past and current data to obtain actionable insights. Data-driven decision making has Read more
Business decision makers rarely crave more reams of data.  They really want well-defined, actionable insights from data that they can Read more
With over 25 years of experience in price modeling, we’re deeply familiar with the in’s and out’s of the standard Read more

Fulcrum creates apps that put your data to work and make a meaningful impact on the efficiency of your business. Fulcrum can host these apps for you, or build the apps for you within your own environment. In all cases, the applications we build have the same goal: to put the power of data at your fingertips for better business decision making.