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Claims Business Metrics & Analytics

Over many years, claims departments have developed applications to measure claims, analyze losses, and reduce liability. Databases in most organizations are now filled with untapped information that has the power to reinvent claims departments and create a competitive edge.

Our team of experienced professionals within the FTI Consulting Insurance Practice can unlock the power of this information through enhanced business metrics and predictive analytics.

Even with limited claims information, we can quickly synthesize and analyze loss data at any time during the claims life cycle, thereby improving claims outcomes. This valuable information helps prioritize claims, lower claims leakage, improve process efficiencies and guide the claims analyst when negotiating settlements to improve the case reserving process.

Our claims and actuarial teams use the power of the client's own information to transform the claims organization in ways never before possible.

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