NORCAL Mu­tual Goes With Mil­li­man An­a­lyt­ics Soft­ware

Digital Insurance - - WHO’S BUYING WHAT -

NORCAL Mu­tual, a med­i­cal li­a­bil­ity in­sur­ance provider, has cho­sen Mil­li­man Dat­alyt­ics-De­fense as its plat­form for man­ag­ing claims de­fense costs. Dat­alyt­ics uses text min­ing al­go­rithms to help in­sur­ers eval­u­ate costs associated with de­fend­ing claims in or­der to iden­tify op­por­tu­ni­ties to im­prove re­sults. The web-based tool is avail­able on a sub­scrip­tion ba­sis and can per­form peer com­par­isons, al­low­ing in­sur­ers to bench­mark their spend vs. peers.

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