EagleEye Analytics Announces Launch of Predictive Analytics Claims Suite

Carriers, Third Party Administrators, and Self-Insured Organizations Use Talon® to Predict and Prevent Severe Claim Costs

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EagleEye Analytics

Feb 10, 2015, 07:45 ET

COLUMBIA, S.C., Feb. 10, 2015 /PRNewswire/ -- EagleEye Analytics, the leading predictive analytics technology provider for the insurance industry, announces the availability of Machine Learning Predictive Analytics for Claims Management. The new Talon Claims Suite is being rolled out with the launch of Talon® version 5.0.

"The Talon Claims Suite offers exceptional predictive analytics for P&C claims, such as liability claims and workers compensation," said Wade Bontrager, CEO, EagleEye Analytics.

EagleEye Analytics announces the availability of Predictive Analytics for P&C Insurance Claims along with the release of Talon 5.0 machine learning software.

"Claims adjusters have more tools than ever to create a treatment strategy from the moment each claim is reported, but these tools come with a cost. Talon's predictive models identify the claims that will benefit most from cost-management strategies, with more accuracy than traditional analytics," Bontrager added.

"We built EagleEye's Machine Learning algorithms specifically for insurance data. They find far more predictive insight in the data than traditional methods, and insurers have been using it for years to highly refine their pricing and underwriting models," says Bontrager. "Now that we've added claims to the mix, predictive analytics can help solve business problems throughout insurance organizations."

Talon 5.0 also features a redesigned user interface for insurance organizations using its Profitability Suite for pricing, underwriting and marketing predictive analytics. The redesign enables a more intuitive workflow for users who are building predictive models and sharing data through their organizations.

As for what's next for EagleEye Talon Predictive Analytics, "the most predictive model ever built isn't worth much if it isn't implemented and accepted by the organization," says Product Development VP Scott Field. "So we're working to make it even easier to ensure predictive models not only get implemented, but the insights and results are easy to consume and share."

About EagleEye Analytics
EagleEye Analytics offers the most advanced predictive analytics software available today. Developed by actuaries and data scientists with long careers in insurance, Talon® insurance-data aware machine learning produces real-time scoring to inform decisions in claims management, pricing and underwriting, marketing and distribution. More than 200 engagements in the United States, Europe, Canada and Australia have proven Talon delivers the best predictive results. EagleEye is headquartered in Columbia, SC, USA and has a subsidiary in London, UK. A privately held company, EagleEye Analytics is backed by FirstMark Capital in New York. For more information, visit eeanalytics.com.