Data Mining Improves Fraud Mitigation Efforts

Data Mining Improves Fraud Mitigation Efforts
Data mining technologies can help insurers like Farmers and Nationwide access and leverage the institutional knowledge vital to fraud mitigation efforts that is locked inside their current and historical claims data.

Potentially Fraudulent Insurance Claims Must Be Identified Early
A claim should be identified as potentially fraudulent within the first one or two weeks after it is filed, says Dennis Parker, insurance marketing manager at SPSS.

Main Driver Behind STP Initiatives Today Is Ease Of Doing Business
Straight-through processing is more a business issue than a technology issue, and is fundamental to the ability to drive intelligence into the underwriting process and throughout the organization.

Mercer Insurance Group Streamlines With EqualLogic
Mercer leverages cost-effective Ethernet technology from EqualLogic to unify disparate systems and streamline disaster recovery processes.

York Fire & Casualty Insurance Adopts iter8 Solution
York Fire & Casualty Insurance maintains a competitive edge by adopting iter8's exception-based underwriting technology.
Rural Mutual Insurance Company Selects ScanSafe
Rural Mutual Insurance Company Turns to ScanSafe for a Web-based Web filtering tool with reporting capabilities.

Insurance Carriers Reap Operational and Financial Benefits From Going Green
As demands on insurance companies' infrastructures increase, adopting green operating practices can increase efficiency and lower costs.

Goodstein Runs AXA Incubator
As AXA Equitable's new chief innovation officer, Barbara Goodstein will run a newly formed Marketing and Innovation group that will identify growth opportunities and gestate innovative business ideas from conception to delivery.

Hartford Names Plotkin CIO
The Hartford has named Gary Plotkin CIO for its P&C operations.

Insurers Will Feel Pain From the Sub-Prime Mortgage Crisis Fallout
Insurers offering D&O, E&O and mortgage insurance coverage are likely to be affected by the financial, legal and regulatory fallout ensuing from the sub-prime mortgage crisis. Will a new crop of risk management and analytics solutions help them cope?

Unum Group Launches Simply Unum
Unum Group has unveiled Simply Unum, an integrated product and service platform two years in the making.

Unum Group Examines Other Industries For Ideas For Simply Unum Product/Service Platform
When designing the Simply Unum platform, Unum Group looked outside the insurance industry for inspiration.

TowerGroup: Predictive Analytics Could Improve Insurers' Claims Administration Systems
A recent report from TowerGroup suggests that predictive analytics will be a key claims operations technology.

BlueCross BlueShield of South Carolina Trains Entry-Level IT Workers Internally
Entry Level Training Programs (ELTPs) have helped BlueCross BlueShield of South Carolina create IT professionals that can run its powerful systems.

Finance Transformation Needed, BearingPoint Survey Says
Technology challenges and opportunities are top of mind for financial services CFOs seeking to transform their companies finance organizations.

Chubb Group of Insurance Companies Performs Well With Catastrophe Response, Survey Says
In the most recent case, Chubb Group of Insurance Companies credits its call centers and pen-based tablet PCs for its catastrophe response effort after strong April storms in the Northeast United States.
ONE ON ONE: Life of the South CIO Bob Fullington Utilizes Tech Infrastructure to Drive Growth
As CIO of Life of the South, Bob Fullington has the technology infrastructure to enable rapid product development, and intends to continually leverage that technology to drive growth.