LARKSPUR, CA — (Marketwired) — 11/14/13 — , a leading provider of and services to the insurance industry, today announced that CEO Jose Tribuzio and WellSafe consultant Michelle Schafer will present a business intelligence session, “,” at the , Las Vegas, November 21, 10:45 am PST.
In the session, will provide an overview of the latest analytic tools available on the market. “Today, programs continue to face significant challenges in regards to claims costs,” said Tribuzio. “Data holds the key to improve results. Sophisticated analytics can unlock the held in claims, providing insights to help organizations focus their loss control and risk management efforts on key areas.”
For example, have the ability to pre-aggregate information and analyze it from multiple dimensions. As such, organizations have the ability to “slice and dice” data faster and with greater power than ever before. An analysis that once took months or years to perform now takes a matter of seconds. With predictive models added into the mix, organizations can spot trends, as well as claims with a greater likelihood for fraud, litigation, subrogation, and lengthy duration, in order to address them with proactive management strategies.
Michelle Schafer, a consultant with , has first-hand experience in leveraging data to improve workers- compensation results. “I-ve worked with many companies to mine claims for the information needed to enhance safety and wellness, which in turn has improved claims frequency, program costs, and operational efficiency,” said Schafer. “With one employer, we were able to utilize data analysis and targeted strategies to achieve a 50 percent reduction in workers- compensation claims and $4 million in savings over a four year period.”
In the session, Schafer will present a case study, in which one organization used claims data to identify high-injury and high-cost areas. Schafer then helped the organization develop solutions that addressed ergonomic issues, back injuries, safety training, stress claims, and even employee weight gain concerns. If you miss the session, please feel free to visit the Systema booth #1139 for more information.
provides flexible, comprehensive solutions and services to the insurance industry. is an innovative, award-winning , which is highly praised by clients and well recognized by industry experts as a leading . Together, our team of Big 4 consulting and industry veterans, experienced software developers, and project managers deliver an architecturally strong enterprise platform, designed for superior speed, scalability, and performance. With advanced technology and focused customer service, Systema Software has experienced phenomenal growth and success, earning high rankings on the national Inc. 5000 and local Fast 100 lists of fastest-growing private companies. For more information, visit us online at .
Cynthia Chow
Systema Software
800-272-9102 x.712
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