Be the first to like this
Iasa 2013 technology session: 5 things your claims system should do for you
Claims has never been called the “fun” part of insurance. Let’s face it, it’s when those hard-earned premium dollars take a hike back out the door. And, while there’s no way to change the fundamental premise behind paying claims, there are ways technology can overhaul the claims management process, making it more efficient, and less painful, for everyone. Today’s modern claims technologies can differentiate you from competitors and give you control of your claims management process by helping you to leverage critical loss data, eliminate leakage, accelerate resolution, reduce loss adjustment expenses (LAE), speed claims processing times and improve customer service. However, it is important to understand some of the basics that your company should be able to do with your claims system now. This session will discuss the requirements that constitute a suitable, comprehensive claims management system, and one that fits your company-specific needs and style of business.