Comprehending the Claims Underwriting Procedure for Auto Insurers

Auto insurance claims underwriting is the process of classification, rating, and selection of risks. For those who think it’s complicated, in simpler terms, it is a risk selection process. Underwriting plays an important role in deciding the future of a claim, and it is here that an insurer evaluates risks. Understanding the Basics The underwriting […]

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Sustainable Economic Growth shall Leverage Emerging Auto Insurance Markets in 2017

The US economy which was spiraling downwards from the past couple of years is now on its way back upwards. Experts predict the U.S. economy will continue to expand. This is in fact a very nice statement to adapt especially insurance providers as job growth means higher payroll, sales, more autos insured by businesses, construction, […]

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High-quality Audit reports support Auto claims agents in Efficient Settlement

The goal for any Insurance Company is to strike the perfect balance when settling an Auto Insurance claim. However, to come up with a reasonable reason to back any party depends on sound audit reports that further aid in clarifying, distinguish and settle a claim issue. Anybody acquiring an insurance policy is doing so keeping […]

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Usage Based Insurance: Connecting the Complexities of Auto Insurers

The task of underwriting, especially in the Auto Insurance is evolving. Typically, risks associated with insurance have been computed on accident rates, driving behavior, demographics and age. However, consumer expectations are now changing, and they are looking for more customized premiums that are based particularly of their driving conduct, and not simply generic data. As per research by the […]

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Utilizing Auto Insurance Analytical tools to combat Fraudulent Claims

The rate at which insurance frauds are happening today is startling as it accounts for at least 10-12 percent of all insurance premiums, a proportion that has remained moderately steady for the past two decades. However, in reality the entire scale or real numbers is still unknown. Regardless of the possibility that there are authoritative […]

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Outsourcing Auto Claims Management Services for Faster Claims Settlement Ratio

Competitive success in the insurance industry is something that is achieved when many things combine to focus on one particular undertaking. Outsourcing your companies auto claims management prerequisites is one such alliance that can benefit the overall process, stream the entire workflow, plus accelerating the claims settlement process. An outsourced claims management process can transform […]

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