USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary risk monitoring technology platform for clients.
The new platform leverages industry-specific benchmark data to generate tailored risk control solutions to address organizations’ key loss drivers based on their industry, sub-vertical, size and geography, providing access to expert information, innovative and personalized solutions, and quantified return on investment. , and market-leading suppliers at USI’s preferential rates.
With PATHCompanies can access a cutting-edge technology platform designed to fill gaps in their risk management programs through a guided, analytics-driven experience that combines risk management solutions with individual loss factors to enable a streamlined and cost-effective decision-making process.
The Baldwin Group presents an API-connected subscription platform Cyberbrowser
Independent distribution company The Baldwin Group has launched Cyber Navigator – its Application Program Interface (API)-connected investment platform.
With Cyber Navigator, participating commercial insurance buyers will be able to complete a dynamic, collaborative digital application that instantly connects via API to underwriting platforms. Quote options are available in minutes with tailored coverage including industry-leading enhancements. The platform also provides competitive cost analysis and terms and conditions comparison. The Baldwin Group already has relationships with six carriers at launch, including Beazley Insurance Company, CFC, Chubb, Corvus, Cowbell and Tokio Marine HCC.
Cyber Navigator is based on a collaboration with Limit, a market-leading software and digital trading brokerage provider.
CLARA Analytics Launches AI-Driven Fraud Detection for Workers’ Compensation Claims
CLARA Analytics announced the launch of a new fraud detection product that leverages the company’s AI platform and extensive workers’ compensation data sets to increase visibility into suspicious claims.
CLARA fraud provides alerts and data-driven justification for referrals to special investigative units. It leverages the company’s industry-leading expertise in AI-powered claims management to analyze millions of case details, billing records, medical transcripts and referral letters. remains legal. CLARA Fraud will give claims professionals the confidence to submit suspicious claims for investigation with a limited number of false positives and uncover fraudulent activity from bad actors on millions of claims.
CLARA Fraud analyzes a wide range of factors, including locations of service, claimants having multiple claims open at the same time, the same attorney working on similar claims, and even exaggerated claims. These factors not only help identify potential network fraud, but also help adjusters justify referrals to the SIU.
The subjects
Cyber
Fraud
AssurTech
Workers’ compensation
Technology
Data driven
Artificial intelligence
Risk management
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