Insurance

Managing the oceans of paperwork generated by workers’ comp insurance policies and claims is no easy task. Yet vetting all that data is critical to discovering fraud or errors in the endless downstream processes the data touches. In the BaseCap Platform, operations teams can automatically and continuously validate all of that information. Then, they can ask questions about the data using custom policies to discover hidden trends and patterns.

P&C firms rely heavily on a multitude of data sources to make fast, informed decisions. But manual processes, understaffed teams, and “dark data” (data that gets lost during transfers) introduce far too much doubt into the equation. BaseCap automatically validates all of the information that comes into your systems for downstream processes or leaves your org bound for third parties, customers, or regulators, giving you peace of mind about your information quality.

Preparing for audits from FINRA and other regulators keeps constant pressure on life insurance companies. Yet, providing full transparency becomes more difficult as the complexity and sheer volume of data increases exponentially each year. Today analysts spend most of their time manually preparing data for analysis, rather than learning something from it. BaseCap finally provides a solution to automatically translate, standardize, and connect all of your company’s data sources (SQL, CRMs, Operations, etc.). This frees up your analysts to discover risk and opportunity before it’s too late.