GoodData Launches Analytical Insurance Solutions to Streamline Insurance Claims and Underwriting Processes
SAN FRANCISCO, April 3, 2018 — GoodData, the leader in embedded and distributed analytics, is expanding into the insurance space to simplify the claims and underwriting business processes. GoodData is announcing two new analytical solutions to automate data integration and rapidly deliver analytics and insights within multiple insurance workflows: Underwriting Insights and Claims Insights to accelerate insurer’s digital transformation journey. These solutions are available for customers today.
According to Forrester Research Inc’s report, The Digital Insurance Imperative, April 2017, “To win in this changing world, digital insurance strategy leaders must reinvent their companies as fundamentally digital from underwriting to claims settlement.”
Today, analytics models are created by hand and launching into production is a time-consuming endeavor. GoodData solves these challenges by deploying models through reusable building blocks and automating multiple steps in the claims and underwriting process. Machine Learning and AI capabilities in the GoodData solutions provide next-best-action recommendations to reduce underwriting risk, improve accuracy of adjusting decisions and enhance customer service.
“These solutions address two of the most important and time-sensitive areas for insurance companies: claims processing and underwriting,” said Roman Stanek, founder and CEO of GoodData. “While most Business Intelligence tools require a separate pane of glass to deliver static information based on historical data, we’re bringing analytics and recommendations directly into the business process so employees can determine the correct course of action within seconds.”
GoodData’s expansion into the insurance space comes at a critical time for the industry. The company will continue to develop additional insurance-specific offerings, such as Customer Acquisition Optimization ,To get started quickly, GoodData created a six-week production-ready solution that delivers immediate business outcome for a select number of key claims and underwriting decisions.
To learn more, register and attend the Digital Insurance webinar, “Achieve Claims Excellence with Data and Predictive Analytics” April 12 at 2PM/EDT.
Download the Forrester Report, The Digital Insurance Imperative, April 2017
GoodData provides an integrated set of data management, analytics, and insight application deployment and management tools as the leading platform in the Systems of Insight category. We focus on enterprise-wide data democratization by delivering actionable insights at the point of work and embedding into applications and workflows so business users can spend time doing what they do best rather than performing data discovery.