Insurance Claims Analysis and Straight Through Processing
Insurance companies are using Skytide to fine tune their straight through processing systems, lowering operating costs and improving customer service.
- The ACORD XML standard for Insurance companies has opened the door for improvements in automated straight-through processing systems.
The constant change in the marketplace and the long time to analysis using conventional analytical tools are major barriers to improving straight-through processing performance.- Skytide can analyze ACORD XML data and speed the time to analysis from weeks to only days, enabling dramatic improvements to straight through processing systems and decreasing the demands on underwriting.