Claim Analysis

Claim analysis is one of the most challenging management issues for insurance companies in these times of escalating risk and changing markets. More than any other industry, insurance is based on decision-making: claim analysis is in itself a decision-making process. Managing an efficient claim analysis process is of vital importance to insurers, and they know that a decision is only as good as the data it's based on. Leading insurers are accomplishing their goals by making claim analysis faster, smarter, and more efficient with performance management software from Cognos.

Cognos Has Business Intelligence Solutions for Insurance Claim Analysis

Six of the top ten insurance companies in the world have already chosen Cognos to help them stay competitive and maximize profitability with technology for claim analysis and reporting. These, and many other leading players in the industry, rely on Cognos to consolidate their data and make it easily accessible for decision-making. Cognos has not only solutions specific to insurance, but the expertise developed from years of experience in claim analysis and reporting. And only Cognos has created performance blueprints—targeted, pre-built data, process, and policy models for claim analysis based on proven best practices in insurance. Cognos blueprints help insurers to fast-track the claim analysis process and speed up adoption of new technology.

Cognos Unlocks Your Data for Claim Analysis

In a mature industry like insurance, the data that underlies claim analysis exists, but accessing the information is often a major problem. Some organizations state that up to 60 percent of their time in claim analysis is spent on data, leaving only 40 percent for analyzing the data and making decisions. With Cognos software, data is collected and consolidated from disparate sources and systems, and presented in a graphical, Web-based format for easier claim analysis. A sound decision-making base from Cognos performance management solutions speeds up claim analysis—in some cases by over 50 percent—leaving claims teams significantly more time for planning and other corporate initiatives. With the Cognos business intelligence solution for claim analysis, insurers have transformed their data into a strategic weapon for competitive advantage.

Learn more about Cognos models and blueprints for insurance claim analysis here.