Constellation’s choice of Milliman Datalytics-Defense puts them at the forefront of claims defense management

By a News Reporter-Staff News Editor at Insurance Weekly News -- Milliman, Inc., the premier global consulting and actuarial firm, announced that Constellation has chosen Milliman Datalytics-Defense® as its platform for processing its defense cost invoices. Datalytics employs powerful data mining algorithms to help insurers detect patterns in attorney billing practices, delivering better understanding of both costs and defense strategies.

"With Milliman Datalytics-Defense we are excited about being able to extract additional intelligence from our defense cost data in order to assist us in making informed, data-driven decisions in our defense strategies moving forward," says Steve Lacke, Constellation Chief Operating Officer. "While the MPL industry has experienced an unprecedented drop in frequency since the early 2000's, the cost of defending claims has not gone down commensurately. When we went to market to find a new tool to assist us in managing that cost curve, Datalytics was clearly different, and showed the greatest promise for us."

Milliman Datalytics-Defense provides real-time, actionable intelligence through responsive reporting dashboards that are built upon a robust data warehouse. The web-based tool is available on a subscription basis and can perform peer comparisons, allowing insurers to credibly benchmark their defense costs. The tool's predictive analytic engine helps insurers develop best practices of claims defense.

"We look forward to working with Constellation to identify cost effective claims handling strategies by unlocking the information that is hidden in their defense costs invoices and turning it into actionable data," says Chad C. Karls, Milliman principal and consulting actuary. "Constellation has a reputation of being forward-thinking and we believe that this move puts them at the forefront of ALAE management - something the entire MPL industry has struggled with for over a decade now."

To learn more about Milliman Datalytics-Defense, go to http://us.milliman.com/Solutions/Products/Milliman-Datalytics-Defense/.

Keywords for this news article include: Milliman Inc.

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