This is the third installment of a series detailing the five disciplines at the core of an effective data metrics program for claims litigation organizations.
The first two articles in this series focused on the importance of a good metrics program to claims organizations and how to generate rich and reliable data.
In this entry, I will describe how to effectively use that rich and reliable data by strategically segmenting it.
|What is data segmentation?
To effectively use the information that you have gathered, you must be able to divide it into chunks that help you meaningfully analyze the data. For example, lawsuits involving auto property damage are not the same as wrongful death nursing home cases, and so they are naturally handled differently, with costs and losses likely evaluated in different ways. Dividing, or segmenting, report data into these categories supports strategic decisions tailored to those specific claim types.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
