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

ATLANTA—April 11, 2019—Ventiv Technology, Inc. (Ventiv), the risk, insurance, claims, and policy technology solutions provider, today announces the launch of Ventiv Analytics Cloud. The new risk management analytics software 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.

ENDS

For further information on Ventiv please contact :

Kirsty Plank, Full Circle Communications
M +44 (0)7799178687
T + 44 (0)20 7265 7887
E kplank@fullcirclecomms.co.uk

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With Ventiv Patient Safety, we have all of our claims and incident data in one system, and we can better understand event trends and drivers with advanced analytics and reporting.

One of the key benefits we get from Ventiv is enhanced efficiency. It allows our adjusters to navigate easily through the different components of the claim and put more focus on getting an optimal outcome for the injured worker.

We have more than ten-year relationship with Ventiv. There’s a really strong level of trust in our relationship, which gives us confidence that the team at Ventiv is advising us based on their experience with us and knowing what we need and why.

Working with an experienced provider like Ventiv Technology is an important precondition of achieving our goals and furthering the mission of the County of Los Angeles.

Having the Ventiv team’s guidance was such a great benefit for HPIC. There were many times we turned to Ventiv to ask what other Ventiv clients in our line of work were doing; access to best practices is something we really appreciated.

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With Ventiv Patient Safety, we have all of our claims and incident data in one system, and we can better understand event trends and drivers with advanced analytics and reporting.

One of the key benefits we get from Ventiv is enhanced efficiency. It allows our adjusters to navigate easily through the different components of the claim and put more focus on getting an optimal outcome for the injured worker.

We have more than ten-year relationship with Ventiv. There’s a really strong level of trust in our relationship, which gives us confidence that the team at Ventiv is advising us based on their experience with us and knowing what we need and why.

Working with an experienced provider like Ventiv Technology is an important precondition of achieving our goals and furthering the mission of the County of Los Angeles.

Having the Ventiv team’s guidance was such a great benefit for HPIC. There were many times we turned to Ventiv to ask what other Ventiv clients in our line of work were doing; access to best practices is something we really appreciated.

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