Bhavya Pilli Dolly tripathy Ryne Andrews Deepika Deewangan

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Presentation transcript:

Workers compensation claim processing Big data Analytics for Competitive advantage Group Project Bhavya Pilli Dolly tripathy Ryne Andrews Deepika Deewangan Pradeep Edwin samuel Hari Charan shivram suresh Chandra Kumar

oVERVIEW Merged Claim dataset with transaction dataset New independent and dependant variables were added to the merged dataset The dataset has been analyzed using Tableau and the additional insights drawn have been noted Predictive analysis modelling for final dataset

Key findings Claimant type Indemnity has higher odds to be a high risk claim. Injury nature Strain has lower odds to be a high risk claim compared to the other type injury nature High deviations in the Indemnity paid for high risk claims. Claimant type indemnity has more number of open and re-opened claims as compared to others. Undeclared payments found for most of the high risk claims.

Derived ATTRIBUTES Processing_Time Claim Received month and Claim Received year Claim closed month and Claim closed year Days_To_Recover Total_Medical Risk Undeclared _Payments Total_Transaction

vISUALIZATIONS Risk Analysis over time Average Processing Time Vs Body Part Number of Claims opened Vs Total Medical Medical Bills for injury cause Body Part Vs Days to recover Days to recover Vs Injury Cause

Risk Analysis over time

AVERAGE PROCESSING TIME VS BODY PART

Number of claims opened vs total medical

Medical Bills for injury cause

BODY PART VS DAYS TO RECOVER

Days to recover vs injury cause

Predictive model comparison Time Series forecasting -Time series is more effective if the sequence taken is successively spaced. Linear Regression- The models sensitivity to outliers. Decision Tree – Injury Nature with more than two categories. Association Rule Mining- Difficult interpreting the impact on the main event. Logistics Regression -Logistic Regression on risk which is the binary dependent variable is a suitable modeling technique

Predictive model Logistic Regression on Risk(Processing_Time)

Recommendations Regulation in the workers environment which the Insurance Company must take a firm decision on, along with the Employer. Separate workflow assigned for claimant type Indemnity . Mandatory input fields to put valid values or predefined values to get a valid value.

Thank you