Data Analytics
Perspective that leads to profitability.
From ad hoc reporting to our Property PredictR® and PreInspectR® insurance scores, Millennium Information Services brings you the most advanced analytics that drive wise, cost-effective decision-making.
Our ad hoc reporting tool enables users to quickly build custom, multi-dimensional reports that facilitate inspection program evaluation across regions, states, counties, zips, agents, and underwriters. Millennium stores historical inspection data for the duration of our carriers’ inspection programs, allowing for multi-year analysis, as well as the identification of both current and historic program trends.
Millennium’s PreInspectR Insurance Scores offers three different scores indicating the likelihood of actionable and major conditions — and potential ITV opportunities. Every report is generated with ubiquitous policy application data and built using historical condition and ITV variation frequency on more than six million inspections, and geospatial and environmental variables.
Property PredictR is the first statistically developed model based entirely on property inspection data. Developed in partnership with FICO®’s cutting-edge analytics and Millennium’s unsurpassed property inspection database, Property PredictR informs carriers of the loss potential of individual risks in contrast to their overall book of business. PrePredictR® scores, a derivative of Property PredictR and generated from insurance application information, can be integrated into your pricing models so you can offer your best pricing based upon risk tiers at point of sale while profitably growing your business.
