Answers to frequently asked questions are included below.
Evadata is a company that provides life and annuity carriers with data, technology, and processing capabilities for the benefit of policyholders.
Evadata is building a modern-day cloud based platform that follows best practices and standards in security, privacy, and user experience.
Evadata supports primary insurers in the life and annuity market and the policyholders they serve.
We would be happy to give you a tour of ACT. Send us a note via our contact form and we will get back to you right away.
Evadata Anti-Fraud Collaboration Technology (ACT) is a community platform for sharing fraud intelligence, anti-fraud strategies, and the most effective fraud prevention training.
ACT is an integral tool for carrier fraud prevention teams that provides: 1. A secure forum where carriers can ask questions of one another and of experts, gather market intelligence, and discuss new trends 2. Access to a robust Knowledge Repository of best practices, surveys, and recommendations 3. Compliance wikis on state fraud requirements and law enforcement expertise 4. Weekly threat digest of fraud and cyber threats 5. Monthly expert webinars on critical topics in fighting insurance fraud.
Evadata DataPoint is a contributory data service for emerging and underrepresented risks. With DataPoint carriers contribute de-identified data on risk themes of interest and that data is processed and aggregated into high-quality, easily ingestible datasets and analysis for carrier use.
Contributory databases can improve pricing accuracy, benchmarking, risk segmentation and benefit consumers through new product development and lower rates.
Evadata Life Event Notification Service (LENS) accelerates the claim process by improving death notification speed and decision making by processing data across carriers for common customers. In addition, it incorporates the Death Master File, state data, and obituary data, allowing carriers to get all necessary information from one provider.
LENS's faster and more accurate notifications of policyholder life events can have many impacts for carriers: 1. Improved customer experience 2. Reduced unclaimed property liability 3. Reduced interest and overpayment expenses 4. Fraud investigation alerts for common customers 5. Faster decision times and reduced claims processing resources.
Evadata Procure is a service that helps carriers expand the number of external data studies they can perform. With Procure, Evadata handles all the steps between hearing about a vendor and getting an understanding of their data as it relates to your business.
Carriers spend months going through their individual procurement processes just to find out whether it is worth moving forward with a particular vendor. This approach limits the number of studies a carrier can do and prevents carriers from finding the best matches for their business faster. With Procure, carriers can conduct more studies for less cost and know sooner which vendors to prioritize.
The external data market is evolving rapidly along with the massive investments in digital health. Risk Market Data is a one-stop shop for staying abreast of the providers and developments in this industry. This product is tailored to life & annuity market buyers. It is an efficient means to identify and compare data providers and sources.
We would be happy to give you a tour of Risk Market Data. Send us a note via our contact form and we will get back to you right away.