In the new global marketplace, companies need to manage theirefforts, quite literally, on a worldwide scale. AIG WorldSourceserves U.S.-based companies with international operations, as wellas foreign companies doing business in the United States.Accordingly, a wide range of claims and related legal issues arisefrom the four corners of the world.

WorldSource, a division of the property-casualty insurancesubsidiaries of American International Group, has sought out thebest technologies to help in managing its claim andclaim-litigation processes.

Many in the insurance industry have looked to legal electronicbilling and bill review as candidates for technological automation.Using the application service provider-version of AllegientSystem's Expense and Performance Management Suite has createdsignificant benefits for AIG, especially given the volume andcomplexity of litigation. The new system has translated,conservatively, into an estimated five percent reduction in legalfees. Just as valuable, the knowledge garnered, has allowed AIG tomonitor its claim litigation management on a continual basis. Atthe end of the day, everyone benefits, including the insured.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 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.