Claims Management Archives - Page 3 of 36 - Insurance Thought Leadership

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Claims Management

Analytics That Lower Spending on Claims

By finding opportunities for digital transformation within the claims function, insurers may reduce costs and increase performance. The reduction in profitability due to rising claims rates is creating pressure. In 2019, gross claims payments in the U.S. alone accounted for around $1.57 trillion, 5.5% more than the gross claims payment in 2018. However, price competition […]

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