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Managing Claims to Achieve Profitability
Rising losses are eating away at insurance profits, and policyholders are increasingly dissatisfied in the face of premiums hikes and lengthy claims cycles. Insurers can’t stop natural disasters or fix the problem of auto repair backlogs, but they need to find a way to protect their bottom line while providing a positive policyholder experience.
Success will require:
- More accurate underwriting
- Frequent and transparent claims communication
- Making sure claims professionals have enough time to devote to high-level tasks
This white paper shows how the right claims system can help.
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