Delphi Technology Updates Predictive Analytics Solution [Health & Beauty Close – Up]

Delphi Technology announced the release of the latest version of OASIS Predictive Analytics for Physician Loss, a predictive analytics solution built specifically to enable medical professional liability insurers and healthcare risk managers to target, assess and manage physician risks.

In a release, the Company noted that tool is available as a stand- alone solution or as part of Delphi's fully-integrated OASIS suite. The Company said OASIS Predictive Analytics for Physician Loss gives medical professional liability insurers and risk managers additional objective data-driven insights into the proclivity for a physician to cause a claim loss in the upcoming year. In addition to predicting likelihood and severity, the tool provides reason codes to provide further insight into the most critical driving factors underlying the prediction, enabling more effective underwriting and targeted risk management.

"OASIS Predictive Analytics for Physician Loss is not intended to replace the underwriter. It is intended to empower the underwriter, providing a broader array of objective details regarding the risk," said Bill Moss, Chief Business Development Officer of Delphi Technology. "Some refer to this as 'eyeglasses' for the underwriter's mind...helping to bring the data into focus."

"Until recently, medical professional liability insurers have been slow to take advantage of advanced business analytics in underwriting," said Sam Fang, CEO of Delphi Technology. "But the future success of those same insurers is going to be determined by their ability to take advantage of the latest technologies and effectively use predictive analytics to manage their underwriting risk exposures beyond the current processing cycle."

Delphi Technology is a provider of technology solutions to the insurance and risk management industries.

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