If you head on a road trip without first considering traffic reports, weather forecasts or recommendations from travel websites, you could end up stuck in a traffic jam, caught in a thunderstorm or visiting some place you didn't intend to along the way.
Similarly, processing an auto insurance claim without collecting and considering key data and analytics, asking the right questions and using the right tools early on, can send the claim down a path filled with wasted time, extraneous expenses and a lot of headaches.
To process claims smoothly, effectively and efficiently, it is important to focus on collecting and analyzing the right data from the start – good data upfront supports good decision making throughout the claim lifecycle, ultimately enabling better auto insurance claim results. By using insights derived from early data collection and analytics, insurance carriers can appropriately triage the claim, send it down the right path and make data-driven decisions for both the physical damage and bodily injury portions of the claim.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
Already have an account? Sign In Now
© 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.
