Person using technology to assess damage from a car accident. Technology provides new opportunities to collect information and assess property damage. The right software can help adjusters virtually guide insureds through a damage assessment and verify aspects of the claim. (Photo: Southworks/Adobe Stock)

For homeowners, claims satisfaction is at a five-year low. Why? Slow and complicated processes have dragged out the time to repair. It takes roughly 18 days for carriers to review the damage and pay for repairs — a three-day jump from last year.

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.

Claims Technology
Technology Implementation
Personal Lines
Loss Control