Premiums Written: Q1 2019 Casualty Must-Reads
2 MIN READ
This quarter, we were featured in PropertyCasualty360 where Executive Vice President and General Manager Nina Smith explained how technology and automation can actually help to further humanize the claims process by freeing up employee’s time to focus on the claimant.
The Power of Technology: Six Ways to Improve Casualty Claim Outcomes
7 MIN READ
Though the Property & Casualty (P&C) industry has made definitive inroads into technology adoption, there remain vast opportunities for the sector to reap the benefits of technology to achieve better, faster results. Insurers and claim organizations at large still have a big opportunity to digitize their operations to improve casualty claim outcomes––incumbent insurance carriers could more than double their profits over a five-year period by digitizing their current business operations, according to a McKinsey report.
Cobotics, a New Type of Man-Machine Collaboration
5 MIN READ
The robot revolution is well underway, and far from science fiction narratives where malicious robot overlords render people obsolete, robots are here to do something surprisingly human: collaborate. Cobots, short for collaborative robots, share another human trait: with the help of artificial intelligence, they can learn on the job.
Five Inevitable Technologies That Will Transform the Claims Process
9 MIN READ
The other day while FaceTiming with my daughter who is away at college, I was reminiscing about my own time away at college. While I was at school, I wrote hand-written letters back home every week to keep in touch with my family. I called home every other week, but rationed my time on the phone since I was paying long distance phone charges.
2019 CPT Code Changes: Technology is King
6 MIN READ
The American Medical Association (AMA) 2019 Current Procedural Terminology (CPT) code set is here! There are a total of 335 code changes in the 2019 code set. How will these changes impact the casualty industry? After an intensive review of the new CPT code book, the most notable changes are technology-based.
The Power of Integration and Automation: Humanizing the Claims Process
4 MIN READ
Getting injured on the job or in an auto accident can have a significant impact on a person’s life. Going through the process of filing a claim and getting treatment can make it even more complicated. In fact, a 2018 study found that one in seven survey respondents said it took longer than expected to settle their Property & Casualty (P&C) claim, with delays adding to their burden.
Premiums Written: Q4 2018 Casualty Must-Reads
2 MIN READ
Each quarter, I round up and highlight some of my favorite articles written by Mitchell experts and let you know where we have been published outside of our mPower thought leadership website. This quarter, we were featured in PropertyCasualty360 where Executive Vice President and General Manager Nina Smith explained how data and technology can help improve claims decision making and outcomes.