ORLANDO, FL., January 12, 2016 – i3 Analytics LLC (i3), a financial analytics and technology firm, announced today the availability of the i3 Claims Analytics Platform, designed to deliver an entirely new experience for visually analyzing and consolidating claims information from various claims data sources. The i3 Claims Analytics Platform is web-based and allows people across an organization to leverage a single integrated platform for self-service, visual data discovery and to quickly find answers to the dynamic environment that claims activity creates. “The i3 Claims Analytics Platform provides ProSight and its program manager partners with the superior ability to monitor and proactively manage the profitability of its portfolio,” states Ric Victores, Niche President at ProSight Specialty Insurance. With the i3 Claims Analytics Platform, organizations are able to benefit from:
- Data visualization technology that allows for fast and easy understanding of large amounts of data.
- Drill-down capabilities that allow users to go further into their data than ever before; with the click of a single button our users can produce customized granular reports.
- Export features that allow users to create custom Excel and PDF reports to share and collaborate with team members.
- Automated email alerts that send dashboard screenshots directly to users’ email inboxes on a scheduled basis.
“i3 Analytics brings our customers closer to their books’ performance in the best organization of data and visual experience possible,” states Dino Fabrizio, President of Risk Transfer Insurance Agency. The i3 Claims Analytics Platform provides agencies, program managers, third party administrators, professional employer organizations and staffing companies with the ability to proactively monitor insurance claims performance. i3 automates the entire claims analysis process, from claims data collection to quality control algorithms to sophisticated dashboards that identify key performance indicators such as frequency, severity and profitability by client or cause of claim.
About i3 Analytics
i3 Analytics is a financial technology firm backed by the Insurance Distribution Investing Group (IDIG) and Risk Transfer Insurance Agency. i3 currently works with insurance companies, investments banks and private equity companies providing predictive modeling software, data visualization services and web-based mobile applications. i3 technology has processed more than $15 Trillion of US payroll, premium and claims data since inception. IDIG is a joint venture between private equity partner Dowling Capital Partners and insurance agency conglomerate the Capacity Group of Companies.
About ProSight Specialty Insurance
ProSight Specialty Insurance was founded by CEO Joseph Beneducci in 2009. The company focuses on niche markets where it has differentiated underwriting and claims expertise, and partners exclusively with specialist distributors who have a deep understanding of their customers. It underwrites on the paper of ProSight Specialty Insurance’s group of insurance companies, which hold financial strength ratings of “A” from AM Best and A+ from Standard & Poor’s. Based in Morristown, N.J., ProSight Specialty Insurance has regional offices in Los Angeles, New York and Santa Rosa, Calif. and owns and manages Syndicate 1110 at Lloyd’s of London. More information about ProSight Specialty Insurance and its member insurers can be found at www.prosightspecialty.com.
About Risk Transfer Insurance Agency
Risk Transfer is the premier risk management and financial services firm serving the aggregated enterprise community. We are a team of experts from the insurance, staffing, financial services and brokerage communities. As professional buyers of insurance, Risk Transfer provides customized solutions for the complex issues that the PEO and Temporary Staffing industries face. In conjunction with our production partners, we develop and implement aggressive risk management techniques that rehabilitate and protect the insurability of our clientele.