Celent: Structured Data a Key Benefit of Loss-Control and Premium Audit Products

The report by Karlyn Carnahan, head of Celent’s North American property casualty practice, says insurers that purchased “stand-alone” software from vendors are able to produce loss control reports with data configured so that it can be queried to extract specific information. Some of the systems provide contributory aggregate data that allow insurers to compare their operational performance to other carriers.