P&C Industry Claims Severity: Trends, Drivers and Mitigators
3 MIN READ
Claim severity has always been top of mind for the P&C industry. While the pandemic has certainly had an impact on claims costs, there are several drivers behind claim severity trends varying by market. While it is important to note what is behind claims costs, it is equally important to understand how to mitigate severity and control costs.
Reflections, Predictions and Gratitude from Enlyte Experts as 2021 Comes to a Close
6 MIN READ
From navigating year two of the pandemic to accepting our “new normal,” our experts are thankful for the teams and relationships we have strengthened while expressing hope and eagerness for the possibilities the new year will bring.
mPower Conference Session: Auto Casualty Trends
On-Demand
6 MIN READIn this recorded session, Mitchell | Genex | Coventry experts will share insights into the most important claim, technology, pharmacy and regulatory trends in the auto casualty industry today, with a focus on first party auto.
Navigating Michigan’s No-Fault Auto Fee Schedule Four Months In [On-Demand Webinar]
On-Demand
In this on-demand webinar, hear the latest from Enlyte experts on Michigan’s no-fault fee schedule, including product info and regulatory changes.
Navigating Michigan’s No-Fault Auto Fee Schedule Four Months In
On-Demand
In this upcoming webinar, hear the latest from Enlyte experts on Michigan’s no-fault fee schedule, including product info and regulatory changes.
Most Common Characteristics of High-Performing Third Party Claim Workflows
While every carrier’s exact workflow and claim processing techniques are distinct, most claim professionals across the third party liability industry operate with the same goals in mind—settle claims accurately, efficiently and consistently. But sometimes, the complexity of third party claim processing can cloud these seemingly simple objectives.
The 5 Essentials Every Third Party Claim Workflow Needs
Recent third party claim costs have risen significantly— from the start of 2018 through the end of 2020, average charge per claimant in Mitchell’s aggregated industry data has increased 53% for third party claims.