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Here are some of the most common reasons insurance companies fail to digitize completely — and how to address them.
Fast, visualized information can improve claim performance, allowing the most vital data to be easily accessed.
How will the changes P&C carriers saw in 2020 continue to play out in the years to come?
The data and analytics company found digital claims handling can reduce time-to-payment by up to 5.5 days.
AI is expected to mature further this year. With these formulas, insurance carriers can strategically leverage it for the most impact.
Nearly a quarter of the cohort missed a payment in the past year, largely for reasons that could be remedied with automation.
Automating insurance sales processes can make inefficiencies a thing of the past with more digital and personalized services.
The litigation alleges Allstate retained witnesses 'to improperly harass and defraud plaintiffs' in cases.
Attorneys say the quick settlement from USAA indicates the insurer knew it would likely pay more had it gone to trial.
Consider these factors when launching an insurance agency or starting a new career in the industry.
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