Fuzion Analytics to Showcase New Data Analytics Solution at ILTCI Conference

By Jordan Eggers
Contributing Writer

Fuzion Analytics, a data analytics solutions provider for the long-term care insurance industry, will be showcasing a new data modeling and advanced analytics solution at the ILTCI conference in Las Vegas.

The long-term care insurance industry has been slow to integrate technology solutions with its pool of business data; however, with Fuzion Analytics’ new model they can consolidate an array of data points to create best practices for individual carriers.

According to the release, individual carriers are able to weigh their own data against industry data at a detailed level, to gain a better understanding of claims and claim drivers, and improve underwriting, financial projections and reserving.

Data provided by the long-term care insurance industry includes insight into business efficiencies for risk and claim management, underwriting, reserving and forecasting.

Fuzion Analytics allows clients to make better decisions in real-time by utilizing their data assets.

With Fuzion, carriers can better understand core business drivers, identify challenging claim trends, improve underwriting, more effectively detect fraud, supplement financial and actuarial processes with value-added analytics, and improve management and operational reporting.

Fuzion Analytics provides carriers with complementary benefits including:

Data Services – Data onboarding, cleansing and conversion services

Catalyst – Data mining and predictive modeling

Pulse (News - Alert) – Business intelligence reporting, industry benchmarking services

Sentinel – Fraud detection and case management

Professional Services – TPA, consulting, research and compliance services

The 2012 conference will explore ideas from participants including policy makers, regulators, insurance professionals and providers.

David Smith (News - Alert), chief executive of Global Futures and Foresight, a strategic futures think tank, will be the keynote speaker. According to ILTCI, Smith is a futurologist whose views are informed by more than 9,000 worldwide experts and business leaders.

The ILTCI conference will be held at the Paris Hotel and Casino in the Exhibit Hall and will run March 18-21.