Automating P-C Claims Improves The Bottom Line
Property-casualty insurance companies are realizing how important an excellent claim handling process is to achieving bottom-line financial objectives.
Slow growth in overall premium, poor underwriting results, lower investment income and growing claim severity have all led to a focus on improving the effectiveness of claim handling. The reason for this is that loss costs and loss adjustment expenses make up more than 80 percent of every premium dollar.
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