PHILADELPHIA--(BUSINESS WIRE)--ACE Group today announced the launch of ACE 4D™, its next-generation predictive modeling and data analytics solution. Designed to support ACE insureds, ACE 4D is a suite of analytic tools that provide high definition insight into unrecognized claim severity, enabling claim professionals to employ effective and appropriate loss mitigation strategies.
ACE 4D delivers a proprietary data advantage by analyzing the strongest predictors of claims severity. Powered by ACE 4D, claims adjusters can effectively identify and explore opportunities for positive intervention to improve claim results for ACE insureds. In just over a year, this approach of linking analytics to action generated millions in workers compensation claim cost savings to clients.
“ACE has a long track record of making significant investments in our data analytic capabilities and claims talent. Our goal is to continue to provide our clients with tools and resources that will help them meet their risk mitigation goals and objectives,” said Steve Laudermilch, Senior Vice President, ACE Group Claims. “ACE 4D is the latest example of our use of predictive models and data analytics tools in workers compensation, automobile, general liability and employment practices liability, with other tools in the development pipeline.”
ACE 4D powers the claim management process by using data-derived insights for each industry, claim, or jurisdiction. Key features of this comprehensive ACE offering include:
Concluded Mr. Laudermilch, “Early returns have shown that our clients find ACE 4D to be extremely valuable. By using this technology, clients are able to better define their claims management priorities and approaches. ACE 4D can help clients identify claim intervention opportunities that can lead to better outcomes and bottom line savings for ACE clients.”
ACE announced these enhanced ACE Worldview features and analytics capabilities in advance of the RIMS 2015 Annual Conference & Exhibition in New Orleans. Visit ACE at Booth 1821.
About ACE Group
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at www.acegroup.com, or follow ACE on Twitter,https://twitter.com/ACEGroupNA.
ACE®, ACE logo®, and ACE insured® are trademarks of ACE Limited.