Data and analytics are essential when managing claims for hundreds or thousands of employees. Having the right claims management technology that is continuously enhanced by the insurer to simplify and expedite the claim process for you can be the game changer you have been looking for. From sophisticated geospatial technology to medical analytics, your claim can be supported by data-driven tools and resources that can help you with your claims.
As business risks change and grow, finding the right technology that allows you to leverage your data can at times be difficult to source. When it comes to claim management, there are options that can deliver technology, risk professionals and additional claim resources that help provide a greater understanding of loss causes and how to lower costs.
For example, The Hartford offers a risk management information system (RMIS) called TREO. Other insurance companies like Travelers for example, have something similar. But, in many cases, larger businesses are not utilizing these resources and fail to obtain the transparency to help make decisions with regard to claim management and claim reduction through staff training and making changes to safety protocols and procedures. Some of the benefits of online claim analytics such as products like TREO include:
Locate, analyze and focus on areas most impacting loss costs with less effort to drive better decisions. Receive and share claim knowledge more easily with claim analytics, through Vetinsure.
Risk management information systems like Hartford's TREO system is typically reserved for middle market and national accounts sized businesses.