Key Trends in Big Data for Property & Casualty Industries
The pandemic has changed the way we work. As a result, organizations have rapidly adopted digital technologies to better manage this new working environment, from automating routine process to artificial intelligence (AI)-based decision making.
2021 Workers’ Comp Predictions: COVID-19 Effects, Automation and More
7 MIN READ
In 2020, the workers’ compensation industry has faced no shortage of challenges—treatment gaps, delays in elective surgeries, the shift to work-from-home, an onslaught of emergency regulations and more. Now, as we look ahead to the new year, Mitchell, Genex and Coventry experts share workers’ compensation trends we think will continue, change and shift. Here are our 2021 workers’ compensation predictions.
Michigan Fee Schedule Administrative Rules Draft: What You Need to Know [On-Demand Webinar]
On-Demand
Ever since the state of Michigan released its new auto no-fault fee schedule legislation, insurance carriers and others in the industry have had a variety of questions to help clarify details of th
Auto Casualty Updates & Trends: mPower Conference 2020 Takeaways
4 MIN READ
The auto insurance industry—and the world at large—has faced no shortage of changes and challenges in 2020. From treatment trends to legislative updates, we’ve had to manage not only a changing business climate, but also industry-altering events that are reshaping auto insurance. During the 2020 mPower industry conference held in October, Mitchell experts shared several updates and highlighted trends that will impact the auto casualty industry in the coming year.
Managing Third Party Auto Claim Trends During COVID-19
Fewer cars on the road, increasing accident severity, an uncertain economy—these are just a few of the unprecedented challenges the auto insurance industry has faced in 2020. Now, third party liability insurers are seeking the best method to adapt to this ever-changing situation. Let’s take a closer look at some of the trends the third party market has experienced in 2020 and the potential changes you can make in your claims workflow today to better manage in the current environment.
Silver Linings in 2020 [Video]
Watch Alex share some silver linings from 2020, with recommendations on how to leverage this year’s positive trends to help you find greater success.
Success Story: New AI Model Helps CCMSI Seal the Cracks in the Claims Cycle
6 MIN READ
Download a PDF Version of this Article CCMSI, a large boutique third party administrator (TPA), has been providing innovative risk management solutions to thousands of companies for more than 40 years. As artificial intelligence (AI) began emerging, CCMSI was early to adopt, and over the last several years, they developed an AI-driven intervention model that has been implemented with tremendous success. This new model had a simple goal: Use AI to flag at-risk claims for adjusters and ensure nothing falls through the cracks throughout the claims process.