We outline the market outlook for claim assessment analytics in P&C insurance — from investment trends, to leading companies, to recommendations for players in the space.
What is claim assessment analytics?
Claim assessment analytics solutions ingest all relevant data associated with a claim case to provide suggested next steps. For example, they can help determine whether a case is simple enough for straight-through processing or if a manual review is necessary.
Features & capabilities
Claim assessment analytics solutions provide property and casualty (P&C) insurers with several capabilities, including the following:
- Pre-built claim assessment models
- Customizable machine learning modeling capabilities
- No-code/low-code functionality
- External dataset connections
- Dashboard and business intelligence tools