The Victory of President Donald Trump has Created Some Uncertainty in the Market. How will the Insurers Tackle this Change?

One of the most significant events in the American political history happened to be on the 8th of November, when real estate baron-cum-reality TV star Donald Trump was elected as the 45th President of the United States. However, the victory has created some uncertainties in the market, especially in the insurance marketplace. The one looming […]

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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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Partnering with Auto Insurance Service Providers for an Optimized Claims Management Services

The present market circumstance and administrative condition are creating critical difficulties for the insurance industry. Largely stagnating markets and the downturn in capital generation is leading insurers to heightening cost pressures and persistently expanding demands for business transparency. Evaluating the Consumer Behavior Customer behavior has changed considerably and answers need to be found to 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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Increase the Efficiency of your Claims Management procedures via partnering insurance Firms

The insurance industry is basically a business that is based on the amount of risks a organization takes. They are more or less tested by the by stringent compliances and changing government rules. Effective claims management, especially in the Auto insurance sector is indispensable to the success of both small and large sized insurers. Major […]

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Innovation in Insurance Analytics Presents Greater Growth Opportunities for Insurers To Take Advantage From

While innovation in analytics has been an important development across businesses, the insurance industry is somewhat a late bloomer and adopter of the platform. It took almost a decade from 2005 onwards, when a few new companies presented web aggregators for online connection and research of insurance policies and this continued till 2014/15 when the […]

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Insurance Data Governance and Management will be a priority in 2017

The insurance business utilizes informational insights and analytics to support its various business decisions such as claims payouts, turnaround time, policy coverage, underwriting and to decide premiums. This huge influx of information pouring into your systems affects the financial forecasts for the benefit and loss adjustment for the insurer. Do remember that good data is […]

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Smart Analytics and not just Analysis is what you require for a Streamlined Claims Management Process

With Big Data platforms coming to the fore, it is not only generating many opportunities, but presents certain risks as well. To counter these issue insurance companies can leverage the use of Smart Analytical solutions to cope u with various business demands. Doing as such will diminish losses and upgrade the claims management experience, while […]

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