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Capitalizing on Claims Data
May 31, 2015 Craig Harris, Freelance Writer|Craig Harris, Freelance WriterAfter initially focusing on underwriting and pricing, many insurance companies have expanded their view of data analytics to loss management. The claims handling process represents a rich area for data modeling tools that can provide better insight into everything from adjuster assignment and operational efficiency to fraud detection and subrogation. How does data analytics fit into the claims management process for insurers – and adjusters?
The Truth about Cats and Dogs
May 31, 2015 Insurance Institute of Canada|Insurance Institute of CanadaPet insurance explained
Leakage!
March 31, 2015 Craig Harris, Freelance Writer|Craig Harris, Freelance WriterThe notion that insurers can better control their claims/indemnity spend through streamlining, cost cutting and efficiency initiatives has gained momentum in Canada in recent years. Many insurance companies are finding ways to plug financial “leakage” in claims handling – a term not always popular with claims managers. Independent adjusters understand the reasons behind this focus on costs, but caution that a proper approach to claims adjudication should prevail.
Location, Location
March 31, 2015 Mary Allen and Michael O'Neil, principals, InsightaaS|Mary Allen and Michael O'Neil, principals, InsightaaSNew technologies, such as location-based intelligence, are helping insurers mitigate catastrophe risk.