RnRMarketResearch.com
adds a new report “2020 Foresight Report Operational Efficiency in Non-Life
Claims” to its store. Report provides information and insights into the key
technologies driving operational efficiencies in claims handling processes in
the non-life insurance segment across the world.
The report provides: Intensive
analysis of the key technologies playing a pivotal role in enhancing the
operational efficiencies in non-life claims in terms of reducing claims
resolution time, claims handling expenses and increased identification of fraud.
Comprehensive picture of the key trends, drivers and challenges related to the
above technological trends and case studies illustrating the impact of these
technologies. Detailed assessment of how some of the important regulations
across the world are impacting claims processing efficiencies. Insights into
how changing economic fortunes impact non-life claims.
Globally, non-life
insurance companies have been registering increasing payouts on account of
claims. To deal with this situation, non-life insurers have been taking
measures to make their claims management processes more efficient to reduce
claim payouts and to curb claims-handling expenses. Non-life insurers are
employing advanced technologies to improve their claims management processes.
One of these technologies is integrated claims management systems (ICMSs).
Non-life insurers have been implementing ICMSs to ensure that they can keep in
contact with customers through the customers' preferred devices. ICMS are also
being employed to gain a clearer view of claims data, which will help in
identifying fraudulent activity. Non-life insurers have also been using
predictive analytics to determine specific choices at the time of claims
processing and to determine the long-term business potential of customers so
that they can be provided with a better claims service.
Complete report
available @ http://www.rnrmarketresearch.com/2020-foresight-report-operational-efficiency-in-non-life-claims-market-report.html
.
Scope
·
This report provides a
detailed analysis of some of the key technologies that are being adopted to
improve operational efficiencies in the processing of non-life insurance claims
·
It details the claims
ratios registered by some of the important non-life insurance segments across
the world
·
It analyses the role
being played by some of the important regulations across the world in improving
non-life claim processing efficiencies
·
It analyses the impact
that economic downturns can have on non-life insurance claims
Integrated claims
management systems, predictive analytics, mobile devices, claims document and
content management systems, straight-through processing and telematics are the
important technologies being employed by non-life insurers to improve
operational efficiencies in handling claims
The above technologies
are mainly helping non-life insurers to reduce the claims resolution time, the
expenses related to claims processing and payouts on account of fraudulent
claims. The US’s Patient Protection and Affordable Care Act (PPACA) has been
making non-life insurers improve their claims management efficiencies by
increasing the competition through establishment of health insurance exchanges
and by restricting the proportion of premiums that can be spent on, among
others, claims handling expenses.
Solvency II is being
instrumental in the improvement of claims management efficiencies of non-life
insurance companies by linking capital adequacy to, among others,
claims-related risks. The claims ratios of several key non-life insurance
markets are increasingly being adversely impacted due to the occurrence of
natural catastrophes. At the times of economic downturns, there is an increase
in payouts on account of fraudulent claims in the non-life insurance segment,
especially in developed countries
Reasons to buy
·
Gain insights into the
latest technologies that are being adopted by non-life insurers to improve
efficiencies in claims management
·
Be informed of the
performance of key non-life insurance markets across the world in terms of
their claims ratios
·
Comprehend how some of
the key regulations across the world have been influencing non-life insurers to
improve their claims management efficiencies
·
Understand how economic
downturns can lead to an increase in non-life insurance claims
Purchase a copy of this
report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=115459
.
Browse more reports on Financial
Services Market @ http://www.rnrmarketresearch.com/reports/business-financial-services/financial-services
.
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