Insurance fraud may cost the P&C industry $80 billion annually by 2015. To disarm increasingly ambitious fraudsters, insurers must harness the sophisticated tech tools at their fingertips.
Certain market drivers have made claims transformation an imperative. By embracing advanced BI and analytics capabilities, P&C insurers can strengthen regulatory compliance, improve customer satisfaction and optimize process efficiency.
Certain market drivers have made claims transformation an imperative. By embracing advanced BI and analytics capabilities, P&C insurers can strengthen regulatory compliance, improve customer satisfaction and optimize process efficiency.
In order to apply force to far-reaching and ever-evolving schemes, insurers will also need to overcome some substantial impediments to investigation. Anthony Roman, head of global security and risk-management firm Roman & Associates, outlines 10 key obstacles that require careful consideration: