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Our Advantage
ChoicePoint Claims Solutions provide powerful customized predictive solutions through our ClaimFocus Solution Suite utilizing the ChoicePoint Claims Analytics Platform, our standardized platform, to enable businesses to understand and anticipate the individual behavior of their customers. We offer these solutions on an outsourced basis, enabling clients to obtain these capabilities faster, cheaper and easier than in-house solutions.
Our strengths are centered around the four critical success factors for predictive analytics:
- Advanced predictive technology
Our third-generation prediction system includes a broad array of proprietary tools for analysis, modeling and testing, which allows us to apply the best technique for any given situation. It is optimized for fast processing on significant data volumes (terabytes).
- Predictive modeling expertise
Our analytic staff (80 percent with doctorate and masters degrees) has more than 100 collective years of advanced analytics-based data analysis and predictive modeling experience, with expertise in the insurance, banking, credit card, retail, e-commerce and market research industries. We apply leading innovative approaches to produce accurate results.
- Ability to implement/operate
Our prediction system enables models to be quickly deployed into production without recoding and easily integrates with existing applications and CRM systems. The system can scale to tens of millions of customer profiles and scores at thousands of transactions per second per CPU.
- Ability to leverage your data
When applied correctly to your claims data, analytics can identify subtle, interrelated patterns that can help you recognize meaningful results in the areas of claims fraud management, salvage, reserving and subrogation. The ChoicePoint Claims Analytic Platform can be leveraged to develop numerous models tailored to the specific area of focus quickly and efficiently, allowing you to rapidly optimize your claims strategies.
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