Insurers need partnerships with fully integrated national providers with deep expertise in medical, record and investigation management, bolstered by new technologies.
Cloud-based platforms will let auto insurers make a critical pivot away from purely reactive claims response and processing to claims minimization and avoidance.
At what point does social inflation severely constrict the availability of certain lines of coverage and thereby give rise to legal remedies, such as tort reform?
How do businesses/defendants and carriers combat the effects of social inflation? It is definitely not a simple challenge, but here are three key considerations.
Natural language processing can transform a burdensome process, freeing claims professionals to apply their expertise where it makes the biggest difference.