Get a more complete view of your customers and operations, deliver innovative data applications, and improve your risk management
For decades, the insurance industry has struggled to get a good handle on its data, both on the transactional and the risk management sides. And with the increase in mergers and acquisitions, regulatory requirements, and new data sources, legacy data management technologies are being pushed to the breaking point. The MarkLogic Enterprise NoSQL database platform integrates heterogeneous data and makes information securely available to support your analysis requirements – anytime, anywhere.
Use MarkLogic to Achieve:
Improved Fraud Detection
Move beyond claim-centric fraud algorithms to perform powerful, people-centric analysis across claims, providers, relationships, and other sources of information
In-Depth Customer Insight
A 360-degree customer view helps you offer tailored solutions, grow customer satisfaction, and comply with regulations
Efficient Claims Management and Underwriting
Maintain multi-format notations adjacent to the claims they support, aggregate information across entities, and query across widely diverse file formats
Lightning Fast Search
Not another add-on, our built-in search provides sub-second results
Flexible & Scalable
Scales out on any hardware environment, adapts as data changes and new data is added
Load your transactions, customer and reference data, filings, reports, etc. without the pain of upfront data modeling
Transactional consistency (ACID), high availability, and government-grade security
Avoids the complexity and brittleness that multiple applications carry
MarkLogic reduces time to market, management time, and overall costs
Michael Doane, Technical Director, MarkLogic
MarkLogic Server is working to save the Federal Government money spent on fraudulent healthcare claims at the Centers for Medicare and Medicaid Services (CMS) through an innovative approach that is impossible or simply too costly using other technologies.
The insurance industry is data-dependent. Business and regulatory drivers are pushing the industry to manage its data better. In this paper, ACORD and MarkLogic demystify some of the hype around Big Data and provide a pragmatic review of the technologies available and their strengths and weaknesses.
As Insurance companies work to improve the Customer Experience, MarkLogic's ability to handle all types of unstructured data can be accessed and used at a precise point within a process to allow for faster, better-informed decisions.