X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The next level of cost containment and claim cycle time improvement will come from reviewing all vendor processes, identifying those areas that can be done faster, better or cheaper. The next level of cost containment and claim cycle time improvement will come from reviewing all vendor processes, identifying those areas that can be done faster, better or cheaper. (Photo: Nmedia/Adobe Stock)

It’s always a lot of fun to talk to insurance claims professionals who have experienced a claim themselves and have them speak honestly about their experience. Did they experience any delays, and if so, what were they? What friction did they encounter in the process? Where do they see an opportunity for improvement?

Everyone I have spoken with has several suggestions on how to improve things. Let’s review several standard processes that have been improved and those that can be further enhanced through technology.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • 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?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.