Insurance Claims
Whether through volatility reduction or operational improvements gained by trend analysis, claims management has proven its value, improving customer and worker satisfaction, enhancing public perception and reinforcing the financial sustainability of the organization.
58% ...
Of those who have been through a claim say that “difficulty quantifying loss” was the biggest challenge faced
41% ...
Of those who have had a BI claim in the past 5 years say it took 6 to 12 months to settle the claim
68% ...
Percentage of Risk Managers who say their BI insured values are reviewed yearly against the company’s annual report and financial data
Insurance Claims Content
Best Practices for Claims Intake
This white paper takes some of the guesswork out of the vetting process, and distills down the key criteria against which you can evaluate potential partners. Note: All downloads and related contact information will be accessible to the sponsor of this white paper.
Learn MoreA Risk Manager's Guide to Reservation of Rights
The report gives background of Reservation of Rights and discusses what to consider when deciding if, when and how to respond. It also includes examples of these notifications, response letters, while exploring claim limitations, communications strategies, litigation and conflicts of interest.
Learn MoreClaims Reporting and Management Practices
This RIMS Executive Report explores the characteristics of a successful claims reporting and management program. It offers a review of claims management principles, steps for establishing a claims management program, managing, reporting, monitoring claims and improving the claims management program.
Learn MoreThe Evolution of Parametric Insurance
The insurance industry is creating new applications for index-based coverage.
Read MoreRecent articles on Claims Management from Risk Management, the official magazine of RIMS
Learn MoreTakeaways
Positively Impact the Organization’s Financials
Using trends to determine opportunities and enhanced risk management mitigation strategies.
Identify Threats…Before It’s Too Late
Monitoring areas of high claim activity and pinpointing root causes to more effectively achieve strategic objectives.
Ensure a Globally Compliant Organization
Establishing processes for monitoring updates to insurance regulations to protect international assets and people.
Gain Greater Insight About Your Organization
Encouraging collaboration between internal groups to ensure a greater understanding of assets and insurance obligations.
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