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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Claims Auditing: Channelizing the strength of your Adjudicating Process

The economic slowdown has haphazardly hampered many commercial institutions, with the insurance industry being one of them.  The financial condition has compounded the pressure on commercial and public entities to find ways to reduce the overall operational costs.  While there are a few signs that the economy might enhance, organizations perceive that cost control will stay, and is greatly […]

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Claims Investigation: A Tactical Approach That Helps You Find Fraud Claims

Insurance agencies each year spend millions of dollars in investigating claims that are fraud or fake. While reasonable amount deceitful claims sneak past the claims investigator, payer organizations efficiently get hold onto some of them. And do remember that some of the most serious false claims scenario can land up the claimant in jail as well, tried under a […]

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Claims Analytics – Analytical Techniques used in Identifying Claim Frauds

To balance the healthcare losses and to raise the overall value of a healthcare organization, claims analytics is the solution. Beyond the difficulties of meeting healthcare reforms, payers are handling complications, like changing consumer behavior and payment expectations, while also looking for customer attrition, waste and fraudulent claims and cost of operations. For most industry […]

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