News | | Ventiv Technology launches state-of-the-art analytics solution for risk, insurance and claims managers

Ventiv Technology launches state-of-the-art analytics solution for risk, insurance and claims managers

Ventiv Technology, Inc. (Ventiv), the risk, insurance, claims, and policy technology solutions provider, today announces the launch of Ventiv Analytics Cloud. The new analytics solution represents a significant enhancement to its market-leading analytics capabilities, allowing clients more streamlined access to enriched data exploration, predictive analytics and business intelligence capabilities supported by state-of-the-art artificial intelligence.

Aimed at risk, insurance and claims managers, the Ventiv Analytics Cloud allows them to combine and explore multiple data types such as claims, exposure, property type and any third-party data, enabling them to uncover correlations and draw insights into their business that might otherwise remain hidden.

Ventiv already offers multiple prebuilt data sets specific to risk, insurance, and claims management, including historical earthquake, wildfire, weather, and census data. However, clients can now easily add third-party data (including data from TPAs, insurers, and consultants providing industry benchmarking information) to their Ventiv Analytics Cloud for enhanced data exploration.

Bill Diaz, Chief Executive Officer, Ventiv Technology, said,
“The Ventiv Analytics Cloud offers clients an analytics platform with improved capabilities. It takes data exploration and predictive analytics to the next level, which empowers risk, insurance, and claims leaders to identify with greater accuracy opportunities for risk mitigation, loss prevention and cost savings.”

Key features of the Ventiv Analytics Cloud:

  • Powerful predictive analytic capabilities
  • Simple integration of third-party data
  • State-of-the-art data transfer technology
  • Highly secure data transfer methodology
  • Improved data modelling allowing clients to fully customize and work with their data

Kristi McFarlin, Vice President, Analytics, Ventiv Technology, added,
“The Ventiv Analytics Cloud is a major evolution for Ventiv. As a unified cloud-based application, we have integrated all our advanced analytics products into a single solution. With our advanced data modeling, including enhanced integration of third-party data, the Ventiv Analytics cloud is a complete solution: scalable, cost-effective, and accessible anywhere over any device.”

Ventiv will be demonstrating Ventiv Analytics, delivered over the Ventiv Analytics Cloud, at RIMS this year.