P&C USE CASE INFOGRAPHIC

The $10M Mistake that Almost went UndetectedHere’s the Story and How it was Prevented

Imagine you bought a shiny new car.

But, later learned your insurance company accidentally insured

you for this.

?????????HOW DID THIS HAPPEN?

?????????HERE’S THE SCOPE OF THE PROBLEM FACING A NATIONWIDE INSURER/CARRIER:

12 Million Policies across 50 states which have 50 different State Departments of Insurance (DOI)

Oops, they accidentally sent you

the WRONG policy forms.

Accidents like this happen when systems have no checks and balances

This means that a policy for one state needs a different form than a

policy from another state.

The complexity gets greater - forms change

yearly based on regulatory and policy changes

2014201520162017

?????????So how do we prevent the wrong forms from being sent?

The results from a large auto insurer:

Problem solved with Infogix

The Infogix Enterprise Data Analysis Platform automated business rules validated that each policy had the correct policy form generated and printed.

When an error occurs, the system immediately reports the problem before anything is printed and sent to the customer.

We identified over 13K individual errors with a projected liability reduction in excess of $10M, with Infogix automated checks and balances.

Imagine putting that on your annual review of accomplishments.

and saving your company’s reputation by stopping an accident

of sending out the wrong forms.

So how do you �x it?

Infogix customers renew Length of our average customer partnership.

91%15 Years

Infogix Enterprise Data Analysis Platform balances and reconciles all aspects of your data. From controlling the quality of data as it moves across disparate systems and processes, to providing real-time operational analysis, to ultimately providing

the information to retain customers and keep them happy.

These are automated, real-time, and completely visible to you. That’s why...

Infogix acquires, prepares, analyzes, acts, and operationalizes

your data. Anywhere, anytime.

Visit infogix P&C Insurance Solutions to learn more.

AUTOMATION