Filed Under:Carrier Innovations, Technology Solutions

New Product Allows Insurers to Share Claims Records, Cut Costs

Property & casualty and health insurers overpay injured people an estimated $15 billion a year because each sector of the industry lacks information about claimants that only the other side has, according to Stephen Ambrose, CEO of ICEX, an insurance information-services company.

To plug that gap, ICEX has developed ClaimCatcher, a cross-claims data exchange designed to reduce overpayments for medical and injury claims.

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