Athenium launches solution to bolster insurers’ claims and underwriting

Athenium Analytics, a provider of enterprise risk analytics for insurance carriers, has released GaugeQuality, a software-as-a-service (SaaS) claims and underwriting solution.

GaugeQuality is a new insurance compliance, reporting and workflow-automation suite. It provides a modern performance-improvement framework that helps insurers improve both top-line growth and bottom-line profitability in a highly competitive market.

Athenium Analytics said that as claims and underwriting workflows become increasingly automated, carriers require more flexible audit and compliance solutions that offer the analysis, training and reporting features needed to uncover actionable business insights at scale. These include helping ensure timeliness of service to policyholders, guarding against excessive payments and fraud and measuring compliance with state regulatory and carriers’ own internal standards.

Jordan Foley, president of Athenium Analytics, said, “Every carrier brings a unique approach to examining claims and underwriting performance. That’s why we built GaugeQuality with flexibility in mind, offering the self-administration and extensive configurability that enable QA departments to efficiently tailor workflows and reporting to their business needs.

“GaugeQuality’s modern SaaS architecture is designed to be configurable with multiple platforms and helps insurers optimize and automate the various processes essential for identifying key claim and policy financial drivers, uncovering training opportunities and improving overall business performance.”

Athenium Analytics will officially debut the claims and underwriting audit suite this week at the 2022 RIMS RISKWORLD™ conference, April 10-13, 2022, in San Francisco, California.

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