Accidents can happen at any time, anywhere, adding logistical challenges such as off-hours towing, repair shop coordination and creating a need for vehicle storage, all of which contribute to added claims cost and time. (Credit: Photo Spirit/Shutterstock)
As auto insurers face a competitive market and high collision claims severity, a comprehensive accident management (AM) strategy can be a strategic tool used to drive differentiation, increase policyholder satisfaction and reduce loss costs to increase profit margins.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
