Chiltington International– Insurance & Reinsurance Consultants

Data Mining

Many organizations are “data rich but information poor.” They have reams of data but little insight into the health and integrity of the financial information that is required to make strategic business decisions with confidence.

In support of Chiltington’s belief in the importance of data mining, we have invested in powerful software and extensive training to assist in the analysis of large datasets. Chiltington’s recognition of the importance of this technique and innovation in applying it as an independent product and combining it with the numerous different types of audit products offered is a part of Chiltington’s “Added Value” approach to serving our clients’ needs.

The powerful software gives Chiltington the ability to

Effectively and efficiently streamline the audit process;
Rapidly handle large volumes of data and identify potential errors, anomalies, and suspect transactions;
Perform detailed analysis of individual premium and claim transactions; Analyze multiple format datasets and merge into one common format;
Test and standardize data records from multiple computer platforms and enhance continuous monitoring of incoming data from Cedents, MGAs and TPAs; and
Quickly test full data populations with complete exception-based testing, rather than relying on sampling procedures.