figures on piles of money One of the most significant changes over the last several years involves the percentage of companies that provide benefits. As costs increased, technology evolved and the pandemic affected how and where folks worked, one of the areas that has seen a consistent drop surrounds the benefits that companies provide. (Photo: kentoh/Adobe Stock)

Those who have worked for any time in the insurance industry understand the integral role they play in helping businesses, property owners, workers and others recover from a significant, covered event. Basically, nothing happens without some sort of insurance component and when a claim is filed, many still require the involvement of an adjuster, a claims manager or someone to help steer a claim of any complexity through the process from assessment to payment.

Yes, technology has certainly made it easier for policyholders to file their first notice of loss online and then follow their claim through a company’s investigation, assessment of coverage and final determination of what will be paid. A wide variety of technology is available to verify coverage, help set reserves, identify problem areas, assess the cost of repairs or rebuilding, provide ownership information and other details, and even provide payments to the insured. Each of these advancements makes the process easier for all involved, but adjusters are still the heart and soul of claims because insurance is a relationship business.

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?


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.

Patricia L. Harman

Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]

More from this author

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 © 2024 ALM Global, LLC. All Rights Reserved.