Verisk Analytics launches new accelerators wcPrism, wcNavigator

Verisk announced the launch of two new accelerators, wcPris, and wcNavigator, designed to streamline and enhance workers’ compensation claims processing within Guidewire ClaimCenter. These innovative solutions aim to accelerate claims processes in the insurance industry by leveraging advanced analytics and automation to improve efficiency and accuracy in claims management. The wcPrism accelerator offers a smarter and faster way to report mandatory state-level workers’ compensation claims. By automating data extraction and conversion processes, the accelerator can help improve the accuracy and timeliness of workers’ compensation compliance by: Using a single comprehensive data feed to automate the generation of required data reports based on industry and state specific reporting requirements. Applying the same validations utilized by states and data collection organizations to facilitate timely and accurate reporting. Verisk’s second accelerator, wcNavigator, utilizes predictive analytics to detect and manage high-severity workers’ compensation claims within Guidewire ClaimCenter. By accurately identifying claim severity as early as the first notice of injury, wcNavigator enables adjusters and claims managers to proactively address potential issues and allocate resources effectively. This advanced solution can help improve claims outcomes by: Accurately assessing claims severity from first notice of loss. Providing alerts for changes in treatment and proactively monitoring prescribed medications.