Insurance CIO Outlook, a source for insurance news, announced the latest rankings of the top 10 claims processing and management service companies in 2022. And Aspen Claims Service was among the best. In the entire country of the United States, Aspen Claims Service offers adjusting services for residential and commercial property damages. For daily and…
Read MoreCatastrophe-related claims are in the news frequently, but no two catastrophes are the same, and every response requires a unique approach. Many considerations must be made when responding to these types of claims, and no two claims adjusters will respond to these situations in precisely the same way. Because of this, it can be challenging…
Read MoreDid you know that around 6,800 annual natural disasters occur worldwide? And insurers are responsible for protecting their clients against most of these catastrophic events. Unfortunately, when disaster strikes, insurance companies often have difficulty processing claims and responding appropriately. Why? Sometimes, catastrophes affect entire regions, leading to countless claims. Plus, some companies lack the systems required…
Read MoreInsurance claims are topical, changing like the seasons in a year. Certain claims are prominent during a given time of the year while other claims decline. Innovative insurers have mastered the insurance claim cycle. They can accurately predict the insurance claims to expect in a given month or season. Contrary to popular belief, predicting your…
Read MoreClaims processing is a time-consuming, paper-intensive procedure. Thus, making it costly. The average time to handle an insurance claim calculates claim processing time The process entails all necessary processes, from filing an insurance claim to generating decisions based on information gathered. Claims reporting turnaround can reveal a company’s efficiency level, such as how quickly the insurance resolves claims.…
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