Fuzion Analytics, a data analytics solutions provider for the long-term care insurance industry, is showcasing its new data modeling and advanced analytics solution at the ILTCI conference, being held in Las Vegas from 18-21 March 2012.
According to the company, the new model will enable individual carriers to weigh their own data against industry data at a detailed level, to gain a better understanding of claims and claim drivers, and improve underwriting, financial projections and reserving.
The long term care (LTC) insurers have been slow to integrate technology solutions with their pool of business data, however, with Fuzion Analytics’ new model they can consolidate an array of data points to create best practices for individual carriers.
The data provided by the LTC insurance industry includes insight into business efficiencies for risk and claim management, underwriting, reserving and forecasting.
Fuzion Analytics allows clients to make better decisions in real-time by utilising their data assets.