This is one of those glass-half-full, half-empty moments, via Insurance Technology.
Excellus BCBS, upstate New York’s Blue Cross plan, has reduced its data processing time by 70% by moving to a more sophisticated database system based in SAS. (Non-quants: SAS has been writing database management software since the mainframe era.)
Half-full: SAS and the insurer now claim actuaries have “more time to analyze data and predict future membership trends and medical claims expenses.”
Half-empty: The old system used Microsoft Access to analyze 100 million records.
100 million records? In Access?
It would take me a long time to figure out how to express my astonishment that in 2010 a company used Access to process a database that size. No matter how long it took, though, it would still be less time than the queries these guys were running.
Glad to see Excellus is coming around.
Are all health insurers this efficient?