The Power of Smarter Solutions: Three Ways to Facilitate Better Decision Making with Claims Automation
5 MIN READ
Automation has been a part of the workers’ compensation and auto casualty industries for years, but today, a large opportunity still remains to increase automation in the medical claims process. The future of claims automation in the Property and Casualty industry is not to replace jobs but instead to enhance workflows and facilitate better decision making.
Three Ways Technology Is Changing the Nature of the Property & Casualty Industry
The insurance industry is always changing, but continuous technological advancements have the pace of change occurring faster than ever before. Property & Casualty (P&C) market insiders are experiencing companies of all sizes undertaking major digital initiatives to add efficiencies and increase economies of scale.
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.
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