Hays Companies Adopts Guidewire Predictive Analytics for Workers Comp Claims

The advisory company’s workers’ compensation broker customers have responded positively to the use of the solution to gain insights into likely claim severity.  

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Hays Companies, a Minneapolis-based insurance, risk management and employee benefits advisory company, has deployed Guidewire Predictive Analytics for Claims for use in its Risk Management practice for workers compensation brokers.

David Britt, EVP, Hays.

David Britt, EVP, Hays.

Hays reports that it has been using the solution for over a year to help its clients proactively manage claims, and has received abundant positive feedback. “By taking a proactive approach on claims management as early as day one, we have been able to provide key insight into which claims could potentially become severe,” comments David Britt, executive VP, Hays. “We are excited to continue our partnership with Guidewire, and work with them to expand our model even further.”

“We’re very pleased to be the analytics solution of choice for this initiative at Hays,” comments Mike Polelle, chief delivery officer, Guidewire Software. “Hays Companies’ implementation of a predictive severity score into the claims administration process takes workers’ compensation claims management to a whole new level.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For over a decade he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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