Insights from The Lab

Month: December 2017


Reduce the loss ratio in your insurance

Insurance claims transformation: Successfully reducing insurance operating costs, claims leakage and claim severity

If you’re looking to reduce the loss ratio in your insurance business, there’s no better place to start than the claims process. Contrary to prevailing opinion, claim severity can be reduced by standardizing the processes in your claims handling operations with lean insurance management methods and non-technology improvement. In fact, you can realize significant claim …

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Improvements from Start-to-Finish

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