There is a part of the insurance industry, Insuretech, that contrary to the industry as a whole firmly says, “We embrace change.” Both In their own internal channels –blogs, websites, forums- and in their external actions. While a traditional broker may still be on the phone, Insurance technologists are ready to give fresh solutions a go. This adaptability is making insurance policies easier to manage. The reality, especially after COVID– 19 is that Insuretech has provided solutions that were not expected to surface for years to come. Although theseRead more
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What is Commercial General Liability? What happens when someone is shopping at the supermarket and a display of soda cans collapses on them?. In a case like this, commercial general liability provides coverage to the grocery store for bodily injury, personal injury, and property damage. 1. Does commercial general liability cover everything surrounding my business? Although it is considered “comprehensive,” not all risksRead more
Implementing technology in insurance claims can automate the process, leaving you with more time and improve the overall claims process. We’re breaking down the top five ways that insurance claims automation can help your business, and how claims management creates a powerful feedback loop that can automate claim processing. 1. Prevent Insurance Fraud There areRead more
To reduce costs in workers’ compensation used to be tricky. Not only because it must obey the law of each state (leading to cost variation), but because it can get really expensive if not carefully planned. So, we’re going to try to share a couple of important points to keep in mind. These will helpRead more
Claim your time back! A shorter Claim Lifecycle is one of the most important strategies to optimize your performance. When it comes to insurance, consumers have had enough. They’re no longer satisfied with long and complex resolutions. Now, we need to deliver a committed service based on speed, security and efficiency. Technology allows us toRead more
When someone mentions the claims management processes, what comes to mind? Do you think of an abundance of claims data piling up and feel the desperate need for a streamlined claims-related solution? Solve this problem by using the correct claims management and benchmarking system is the common solution that often brings more questions than answers.Read more
