Insurance core systems technology company Insurity Inc. now offers integration with Social Media Risk Scoring, predictive analytics technology from tech firm Social intelligence.
The Social Intelligence product will be integrated with Insurity’s Insurance Decisions suite of policy management applications to enable real-time predictive scores based on the online presence of participating insurance customers, the companies said. Insurers then would be able to use social media data from participating customers to better assess risk and fast track claims processing for qualified policyholders and offer discounts.
“We are pleased to be working with the innovative team at Social Intelligence,” said Clyde Owen, VP of sales at Insurity. “They offer the unique combination of social media data, analytics, and expertise in insurance. Together we will bring significant opportunities for new insights into insurance consumers that will make for better risk decisions, and enhanced processing efficiencies and customer service.”
Insurity’s Insurance Decisions Suite includes applications for agency portal, underwriting workstation, policy administration, billing and claims. Insurity also offers Insurance Enterprise View, a modular enterprise solution intended to aggregate insurance data and applications, including policy, claims, billing and reinsurance, as well as hosting and business services such as regulatory support.
“As a data set, an online presence can provide new and significant information on individuals or business – information that enables insurers to have greater insight into existing and potential customers,” said Max Drucker, Social Intelligence CEO. “The core processing strength of the Insurity solutions and our data set and risk scoring is a powerful combination enabling us to bring to life an enhanced, predictive, and less costly alternative for assessing insurance risk.”
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