Skyward Specialty Insurance Chooses Milliman Datalytics-Defense As Its Platform For Processing Its Defense Cost Invoices
Portfolio Pulse from Benzinga Newsdesk
Skyward Specialty Insurance has adopted Milliman Datalytics-Defense as its platform for processing defense cost invoices. The platform uses data mining algorithms to analyze attorney billing practices, providing insights into costs and defense strategies. It offers real-time intelligence, responsive reporting dashboards, and a predictive attorney scoring model to help insurers manage legal defense spending more effectively.
January 03, 2024 | 1:26 pm
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POSITIVE IMPACT
Skyward Specialty Insurance's adoption of Milliman Datalytics-Defense could lead to improved management of legal defense spending and potentially lower litigation costs.
The adoption of Milliman Datalytics-Defense by Skyward Specialty Insurance is likely to be viewed positively by investors as it indicates a proactive approach to managing litigation costs. The platform's ability to provide actionable intelligence and improve decision-making could lead to cost savings and more efficient operations, which may have a favorable impact on the company's financial performance in the short term.
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IMPORTANCE 70
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