For policy holders, the claims process can be incredibly frustrating and it is easy to see why.TechnologyManagement & Sales
Having your claim approved is one thing, but then actually getting the money owed often proves to be another monster task in and of itself.
An Accenture study found that 83% of customers who felt dissatisfied with the way a claim was handled planned to switch or had already switched to a new provider.
As consumers have become even more accustomed to an instant everything economy, these numbers have only continued to increase.
When done right, the claims and payment process can prove to be a relationship saver for an insurer and its customer. This overall experience drives both customer satisfaction and retention, more than any other interaction between these two parties.