Insurance Claims Simplified using Mobility Solutions
Upcoming SlideShare
Loading in...5
×
 

Insurance Claims Simplified using Mobility Solutions

on

  • 292 views

Mobility is transforming insurance operations. Insurers that are holistically accepting and embracing mobility are gaining competitive advantage by reducing operating costs as well as by providing ...

Mobility is transforming insurance operations. Insurers that are holistically accepting and embracing mobility are gaining competitive advantage by reducing operating costs as well as by providing enhanced customer experience. Though organic growth continues to be elusive, given the economic and competitive landscapes, an insurer’s growth seems destined to lie with the ability to streamline business processes, leverage mobile technologies to reduce operating costs, and find new ways to connect with customers and improve their experience — particularly in the critical area of claims processing.

Statistics

Views

Total Views
292
Views on SlideShare
286
Embed Views
6

Actions

Likes
3
Downloads
7
Comments
0

2 Embeds 6

https://www.linkedin.com 5
http://www.linkedin.com 1

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Insurance Claims Simplified using Mobility Solutions Insurance Claims Simplified using Mobility Solutions Presentation Transcript

  • Copyright © 2014 HCL Technologies Limited | www.hcltech.com How to leverage mobility to reduce operating cost and improve customer experience Transforming Insurance Claims Management with Mobility
  • 2 Copyright © 2014 HCL Technologies Limited | www.hcltech.com The need for reimagining Insurance Claims Processing Claims Transformation is the way to go 80% of P&C carriers’ costs are concentrated in claims The opportunity cost of ineffective claims management is extremely high Missed recovery opportunities lead to an increase in claims costs Fraud accounts for 10% ($30 billion) of the P&C insurance industry’s incurred losses and LAE every year Claims leakage cost the Insurance industry nearly $50 billion annually
  • 3 Copyright © 2014 HCL Technologies Limited | www.hcltech.com Mobility is the game changer for the Insured and the Insurer For the Insured Check for the claim status, payment status, and so on Notify a loss with basic information from the accident site Record statements of involved parties Take pictures and upload them Analytics based assignment of claims to adjusters FNOL, claim details through mobile devices Loss estimation tools and calculators Collaboration with peers and colleagues For the Insurer/ Adjuster View slide
  • 4 Copyright © 2014 HCL Technologies Limited | www.hcltech.com In this white paper you will find.. Mobility is transforming insurance claims management operations. This white paper deep dives into how mobility can be leveraged to streamline business processes, reduce operating costs, and find new ways to connect with customers and improve their experiences. Business Drivers For Adopting Mobile Solutions In Claims Management How mobility is a game changer for the insurer and the insured Important factors to consider in implementing mobile claims solutions Challenges faced by organizations in leveraging mobility for insurance CLICK TO DOWNLOAD WHITE PAPER View slide