SEB Launches SEB Analytics to Add Predictive Modeling and Analytics Capabilities to its Suite of Offerings
September 8, 2015 — Mississauga, ON: Banyan Work Health Solutions Inc. (“Banyan”), a member of the Smart Employee Benefits Inc. Group of Companies ("SEB") (TSXVENTURE:SEB), has incorporated SEB Analytics Inc. with Polon Analytics Inc. Through SEB Analytics Inc., SEB will add predictive modeling and advanced analytics capabilities to its suite of offerings to provide customers with solutions that enable data-driven decisions that optimize pricing and underwriting, disability management and healthcare fraud detection.
ABOUT POLON ANALYTICS:
Polon Analytics Inc. is an advanced data analytics services provider specializing in the insurance and employee benefits industries. Polon Analytics Inc. owns the consulting practice of Jonathan Polon, a pioneer in the application of predictive analytics to the life and health insurance industries and builder and implementer of predictive models for more than 40 insurance companies since creating his first business in 2001. Jonathan is an innovator and developer of novel mathematical approaches to: healthcare fraud detection, life insurance underwriting, workers compensation and disability claims management and intercompany benchmarking. Jonathan is also a Fellow of the Society of Actuaries and has more than 20 years of experience in the insurance industry.
ABOUT BANYAN:
For 20 years Banyan Work Health Solutions Inc. has set the benchmark for innovation, transformation and excellence in disability claims management. Banyan’s focus on customization and ROI has made it a partner of choice for many organizations in North America, Australia and New Zealand. Banyan’s methods are based on a deep rooted belief that work and functional ability are instrumental to successful return to work, while technology is an enabler to knowledge and improved performance. As an early adopter, Banyan embraces predictive analytics and embeds this into its unique approach and transfer of learning to its customer base. Through innovative initiatives with SEB Analytics, Banyan is able to offer solutions to clients targeting predictive modeling via claims segmentation as a market differentiator.
For further information about Banyan, please visit www.banyanconsultants.com.
About SEB:
Smart Employee Benefits Inc.'s global infrastructure is comprised of two Divisions: Technology and Benefits. The Technology Division currently serves corporate and government clients across Canada and internationally. The Benefits Division focuses on SAAS and BPO solutions in the
Personal Health Sector and delivers its offerings to corporate and government clientele. The
Technology Division is a critical competitive advantage in supporting the implementation of SEB's benefits processing solutions into client environments obtained through acquisitions and RFP wins.
For further information about SEB, please visit www.seb-inc.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS RELEASE REPRESENTS THE
COMPANY'S CURRENT EXPECTATIONS AND, ACCORDINGLY, IS SUBJECT TO CHANGE. HOWEVER,
THE COMPANY EXPRESSLY DISCLAIMS ANY INTENTION OR OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING INFORMATION, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED BY APPLICABLE LAW.
MEDIA AND INVESTOR CONTACT:
Eduardo Baer EVP Capital Markets Smart Employee Benefits Inc. (888) 939-8885 x 350 eduardo.baer@seb-inc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.