A claims team invests in automation expecting to eliminate its growing backlog. Six months later, the backlog is still there. The same adjusters are handling the same volume of claims, and processing times have barely improved. The software is working as intended, yet the queue remains unchanged. The problem usually is not the technology. It … Read more →
Insurance brokerage has always been a trust business built on relationships. Yet the relationship itself depends on something brokers have fought to provide: speed and accuracy in a field known for both complexity and consequence. A single oversight in policy details costs clients thousands. A delayed response loses business to faster competitors. The challenge sharpens … Read more →
Imagine a scenario: Sarah’s water heater flooded her room on a Tuesday morning. By the end of Wednesday, she had submitted images through her insurer’s mobile app. Two days later, her claim was approved, and the amount is credited in her bank account. Three years before, that same claim process would have taken her adjuster … Read more →
Property and casualty insurance companies now face serious fraud threats from clever schemes. Modern fraudsters use advanced techniques to find weak spots in insurance processes. They build complex networks that regular detection methods can’t easily spot. Old systems make these problems worse. These outdated technologies store data in separate places, which stops insurance carriers from … Read more →
Insurance companies struggle with traditional claims processing methods. Manual workflows create inefficiencies, errors, and delays that impact both operations and customer satisfaction. This has made firms explore smart automation solutions to handle their claims adjusting processes. The insurance industry is going through a radical alteration as companies see how automated claims adjuster software can change … Read more →
It is hard to predict how insurance companies differentiate themselves from the rest when they all offer similar services. For insiders who work within the industry, they are all aware of the big secret that helps them navigate the ups and downs, whilst standing out from the competition. That secret weapon is artificial intelligence (AI) … Read more →
Keep reading to find out the different reasons insurers could reject your application When you apply for a life insurance policy, there is always the chance that your application could be rejected. Though this is discouraging to many prospective buyers, there are still ways to get life insurance even if your application has been denied. … Read more →
In our ever-evolving digital world, it’s not surprising that we’re always keeping an eye out for the next best thing. From cameras to laptops to everything in between, we’re spoilt for choice! Of course, there’s usually a notable price tag attached to these up-and-coming devices but as the years have gone on, many have developed … Read more →
#InsurTech is one of the most exciting concepts in insurance today, and we’re just at the tip of the iceberg. You may not have heard of #InsurTech yet, but you will. It’s currently a bit of a trendy buzzword, defined as technological innovations that provide savings and efficiencies to the insurance industry. InsurTech innovations are … Read more →
Professional web designers offer a unique and highly specialized service. Consequently, the risks that they face in their career are unlike those experienced by most other professions and their needs regarding insurance to protect them from liability are similarly unique. In this article, we take a look at the different types of insurance that are … Read more →
It is very easy to forget that car insurance policies are essentially contracts, which not only require the premium to be paid on time but also your compliance with the various terms and conditions laid down by your insurer. Some common mistakes that you can easily make due to your ignorance but which need immediate … Read more →
The automotive technology has been moving at much faster speed lately. It is good to see that most manufacturers are safety conscious and come up with great solutions to save lives by preventing crashes. Recently we hear about Google’s self-driving car and wonder when you can buy one of those. Wouldn’t it be great if … Read more →
It is a fact that the lifeblood of all businesses is the customers. When you get more customers, you will generate more sales, which means more profits for you! However, many companies that sell the same products and offer the same services tend to compete with each other, and so they find ways on how … Read more →
Having your very own car is indeed a great sense of accomplishment, but getting involved in a car accident is definitely one of the most unpleasant things associated with owning one. This is why most car owners consider getting car insurance since it protects them financially from the liability that arises in the course of … Read more →
So you’ve just purchased a brand new smart phone. It does nearly everything, save from, perhaps, polishing your shoes or brewing you coffee in the morning. You are awfully proud of it and keep downloading all the latest apps for it. You show it off at the office, and basically anyone and everyone who knows … Read more →
It always seemed a matter of when – not if – car insurance comparison sites like Moneysupermarket would make their presence felt in the app market. Credit then must go to Moneysupermarket for bringing out the first car insurance comparison app to be launched in the UK. The Moneysupermarket car insurance app is available to … Read more →