Technology Could Cut 15% of Loss Costs and Adjustment Expense
Wednesday, July 23rd, 2014 Education & Training Property Risk Management TechnologyThe insurance industry is poised to see high performance claims transformation if it takes steps to turn routinely overlooked data into actionable information and knowledge, suggests a report published last week by Aite Group.Aite Group research finds that approximately 15% of loss costs and loss adjustment expense could be saved with the proper use of technology, notes a statement from the company, an independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry.
External References & Further Reading
http://www.canadianunderwriter.ca/news/proper-use-of-technology-could-save-15-of-loss-costs-and-loss-adjustment-expense/1003169468/?&er=NA
