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Proactive Property-Loss Prevention

Saint-Gobain makes the grade with help from Ventiv risk management software.

 

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Spot opportunities and predict outcomes with AI-Powered Analytics

Move beyond business intelligence to analyze your data, apply your findings, and drive improvements.

Why should Risk Managers use AI-Powered Analytics? This short video covers 7 reasons just focused on claims. Watch the video ►
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Meaningful analytics is at the center of what we do, and the analytics platform Ventiv offers has been a natural fit for us. Ventiv excels at data management and flexibility, which are also top priorities.

Chris Knight, EPIC Insurance Brokers & Consultants

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Find clear answers to complex business questions.

Discover and share insights from your data efficiently.

Get answers to questions you didn’t think to ask.

Eliminate bias and identify trends with a simple search or click

Drive smarter and faster decisions.

Make your insights easier to understand - and act upon.

Ask questions of your data.

Now anyone can analyze data by using conversational language. 

See and understand your data.

Clear visualizations turn the most complex findings into simple snapshots. With AI, anyone can detect hidden insights.

Jump in and perform queries directly without the need to engage a professional data scientist. Build dashboards and uncover answers in seconds.

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Let your data tell the story.

Remove your personal bias from the equation with fact-based outcomes from queries. Identify objective trends with advanced analytics powered by artificial intelligence. Any unexpected results can highlight new patterns in your risk or claims data and pinpoint areas to focus your attention.

  • Automated predictive analytics: Find correlations that predict actionable insights, such as what factors are likely to influence the cost of a claim. Drill down into data to find relationships that you might otherwise have missed.
  • Prescriptive analytics: Identify how to mitigate risks and potentially prevent claims, injuries, or incidents from occurring.

How you can use AI-Powered Analytics:

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Display your data connections in seconds.

Spreadsheets are useful when analyzing a small amount of data. However, when the volume of data increases, spreadsheets are limited in displaying trends and providing answers.

With instant data visualizations, your search results are presented graphically in formats that are easy to interpret. As soon as you enter your request, your findings will automatically be displayed in a suitable format – a heat map, word cloud, pie chart, or scatter diagram, for example. You also have the option to choose your preferred visualization manually.

Visualize patterns with maps in real time.

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Geospatial analytics broadens general awareness by providing historical perspective and predictive insight. By adding the context of location and timing to traditional data, you can create maps to highlight trends and patterns that are often hidden in spreadsheets such as proximity, distance, affiliation, and contiguity. When you can see events and trends in recognizable maps, you can easily understand your results and take action.

 

Explore data conversationally.

Just like you would perform a Google search, you can ask questions of your risk data using plain language. Discover relevant information from your data with pattern detection powered by an AI assistant.

Begin by asking a simple question, and the intelligent responses will provide insights that prompt further questions and discoveries.

Enhance Analytics with Third-Party Information

It’s certainly possible to make decisions based only on your internal data. However, internally generated information can leave gaps. Incorporate new, nontraditional, and external sources of data into your analyses, such as weather patterns, location services, industry data, census records, building materials, or COVID-19 data for a holistic view of the business challenges you want to solve.

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Operational Analytics & Reporting

Administer your reporting and operational analytics within the same platform as advanced analytics.

Pre-Built Parameterized Standard Reports

Scheduled, Ad Hoc, Burst, Email, FTP distribution

Drill Down &

Thru Reporting

Audit & Data Quality Reports

Enterprise Reporting

Compliance Reporting

Loss Triangles & Loss Development Factors

Premium Allocations

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Improved Claims Management

In partnership with the Actuarial Practice of Oliver Wyman, Ventiv offers Claims OPT (Optimization and Predictive Triaging). Claims OPT is designed for any organization, regardless of size or industry, seeking to incorporate predictive data into decisions on casualty, workers’ compensation, and general liability claims management.

 

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