Insights from The Lab

How to Prevent Claims Leakage

Category: How to Prevent Claims Leakage

How to reduce insurance claims leakage—and the loss ratio—via standardization, business intelligence, and robotic process automation (RPA)

An overview of the claims leakage challenge, the prize, and a drill-down to specific opportunities within insurance claims processing In their search to boost profits and reduce their loss ratio, property and casualty (P&C) insurance carriers often turn to improving a cast of “usual suspects”: Sales, pricing, new product development, and a host of operational …

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