Innovate your Insurance Claims Management processes to stay Competitive in new Marketplace

  Innovation is a mark of change. And to stay afloat in today’s competitive marketplace an insurance company needs to effectively channelize new techniques that leads to business growth. One such area which needs to be tapped in by the small to medium sized insurers is Analytics, as effective analytics play multiple roles in improving […]

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Leverage Underwriting and Claims Processing using Inniti’s Analytical Insights

  Big Data and Analytics are empowering the business world every passing day. With access to unprecedented levels of structured and unstructured data flowing in and out through the insurance company’s systems, gazing future performances, consumer behaviour and fraudulent activities has become practically easy as well as a tough task. As a people-driven and information […]

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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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Digital Transformation of the Insurance Industry : A Unique Trend To Watch Out For

It was evident from the onset of 2016 that the insurance industry is all set to undergo a drastic change in the coming years. The digital transformation of the insurance industry has been a laid back one, unlike other commercial ventures who have successfully scaled into digitization, providing seamless products or service requirements. Digital change of marketing […]

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Three Technology Trends That Will Drive The Insurance Industry in 2017

In 2017, ‘Digital Natives’ is the buzz word that will dominate most of the businesses, especially the Insurance industry.  This trend is not a new one, but has continued to influence our personal and professional life and all that just for the sake of making faster and better business decision, and easing out the daily atrocities […]

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Automation and Artificial Intelligence: Insurance Industry Observing a Paradigm Shift

Artificial Intelligence (AI) includes everything from machine learning to figuring out Internet of Things (IoT). Due to these technological advancements, AI frameworks are currently ready to perform tasks that required human knowledge, such as claims processing and claims management. From self-driving cars to robotized associates, Automation and AI is quickly advancing and discovering its way into our daily prerequisite, leading individuals to underestimate […]

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5 ways Predictive Modeling Tools Improve Insurance Claims Processing

In the highly competitive Insurance Industry landscape, Risk Managers are entrusted with the duty of creating positive outcomes while overseeing exceptionally complex claim issues with lesser internal resources. However, today if in-house resources fall short to complete those important tasks, a variety of outsourced claims processing companies can be utilized successfully to yield positive results. This stands important, especially for […]

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Use predictive analysis to Reduce Missed Subrogation Claims

Insurance administrators are familiar with subrogation, which is the insurer’s legal right to seek damages after paying a claim. However, after a claim is paid, insurance agencies regularly disregard to purse their subrogation right, or do as such with flawed subrogation practices. This implies that insurance organizations don’t collect on subrogation opportunities or spend such a great amount of cash in the collection effort […]

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