This issue of Claims spotlights some of the new andevolving technologies that company claim departments are using toincrease cost-cutting capabilities, streamline processes, anddetect fraud. But to find out what insurers could do better, and togauge developing technology trends, Associate Editor Eric Gilkeyspoke with John Postava, president of Simsol Software, to get thelay of the land.

Talk a bit about a modern day insurance companies' claimtechnology needs. What do you see them doing right?Wrong?

Today's insurance carrier claim departments require higher levelof connectivity than ever before. With increased customerexpectations, state department of insurance requirements andforecasts of an increasing number of more devastating storm andcatastrophic events, today's insurance carrier must process claimsmore efficiently and accurately than in years past in order toretain their customers' business and maintain a healthy bottomline. Electronic connectivity among all the various partiesinvolved in an insurance claim enables insurance carriers to reachthat higher level.

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.