In an increasingly uncertain world, insurance is a critical safeguard for our assets and peace of mind. Yet, with approximately 5% of insured homes...
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The insurance industry is undergoing a digital transformation, leveraging technologies such as chatbots, Optical Character Recognition (OCR), blockchain, and advanced analytics to streamline operations...
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A report by EY claims that 87% of customers say that their choice of insurer depends on the effectiveness of claims processing. The insurance...
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Post-pandemic challenges and the ongoing Russia-Ukraine war have resulted in a steep price hike for commodities like raw materials, food, and energy. The high...
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Insurance claims management is a complex process. It involves several layers of tasks and massive amounts of paperwork. Employees find it a big challenge...
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Insurance carriers need to provide loss run reports when a policyholder plans to switch to a new insurer or is about to renew his/her...
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The current insurance claims management framework is a multi-tiered process. Every claim has to go through a number of steps of verification, evaluation, validation...
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Demanding customers and an ever-changing business environment influence the insurance industry landscape. On the one hand, dynamic market drivers and complex regulations impact the...
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Claims management is at the core of insurance company operations. A good claims management strategy has a lineal impact on profitability, fraud detection and...
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The Covid 19 pandemic has turned out to be a blessing in disguise for the insurance industry in some ways. This is because it...
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