Workers' Comp Report highlights key claims findings for multiple industries
August 14, 2023 09:00 AM Eastern Standard Time
ATLANTA--Ventiv Technology, the leading provider of risk, insurance and claims solutions, today announced an expansion to its analytics product portfolio with the launch of the Ventiv Benchmarking solution. Based on an extensive proprietary claims database the solution provides peer-to-peer industry comparison on key claims metrics.
“Ventiv has been working with claims departments for over 40 years” said Mark Tainton, Head of Strategic Analytics at Ventiv Technology, “based on this extensive experience we recognized that claims executives needed a tool to provide them with insights into how their department was performing compared to similar claims organizations”
Built on a database of over 15 million claims covering 27 different industries across 8 lines of business, Ventiv Benchmarking monitors vital claims KPIs such as claims severity, litigation costs and average claims duration. Using this unique solution claims executive can now discover trends and insights about their organization. Enabling them to identify and capitalize on improvement opportunities in the claims process.
For more information about Ventiv Benchmarking, contact us today.
About Ventiv Technology
Ventiv Technology is a leading global provider of risk management information systems (RMIS), enterprise risk management (ERM), insurance claims, billing, policy, and administration technology integrated with its market-leading analytics and predictive models. Ventiv Technology’s SaaS and on-premise solutions are deployed by insurers, brokers, insured corporate entities, federal and regional governments, public entities, third-party claims administrators (TPAs), and risk pools across a variety of industries, including transportation & logistics, retail, financial services, leisure & hospitality, energy, aviation and manufacturing among several others.
With over 45 years’ experience, Ventiv serves 450 customers and more than 450,000 users over 40 countries. Ventiv’s global footprint and experienced team of industry veterans deliver insights to organizations that allow our customers to predict, manage, and respond to risk.
