Five ways to reduce claims and legal expenses

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To manage higher severity, higher complexity claims, insurance carriers must obtain more records than ever before. But some insurance carriers are saving hours–or even tens of hours–per claim file by integrating record retrieval into their P&C Management workflows. And they’re doing it with little to no initial upfront investment or IT outlay.

Integrating the record retrieval process directly into your P&C platform and workflow drives efficiency, collapses claims cycle time, and reduces claims and legal expenses. By working closely with carriers who have successfully achieved these benefits, we’ve identified a set of common factors–five strategic initiatives that lead to successful reductions in claims and legal expenses, even despite the trend of growing claims severity.

Read this blog to find out more.