Claims settlements make up the lion’s share of an insurer’s costs. Every day in the UK, over £44 million is paid out to insurance customers for private property and motor insurance claims alone – a staggering sum of money. Therefore, insurance companies and MGAs must manage these outgoings properly. That is to say, firms need to ensure that they eliminate costly mistakes that occur as a result of human error. Plus, they need to find ways to improve out-of-date claims handling processes which can impede a company’s productivity and ability to maintain healthy profit margins.
Automated claims management software presents the ideal solution for accelerating claims processing and boosting cost-efficiency in this crucial business area. It is also the subject of our latest Insly webinar, How to Reach Cost-efficiency Through Claims Handling Software, which will be held on 11th October 2022, 3:00 p.m. GMT. Sign up to attend this free presentation here.
Sign up for the on-demand webinar
About the webinar; How to Reach Cost-Efficiency Through Claims Handling Software
Insly’s Claims Product Manager, Eero Link, joins Märtin Kosk (Head of Sales) to present this webinar. We’re looking forward to hearing more about Eero’s expertise in claims management, as he has over 20 years of experience in the industry. He has previously worked as a Director of Claims Handling and Customer Service for a number of prominent insurance brands. So, Eero will have lots of information to share about how companies can cut costs and boost efficiencies in this crucial business area.
The presentation will demonstrate our software’s capabilities for streamlining every step in the claims handling journey, from the customer’s First Notice of Loss FNOL to accounts reporting and portfolio management. Every feature of Insly’s new toolkit is designed to help insurance brands achieve optimum ROI and to help your business grow. But, best of all, our platform is designed to integrate with your existing workplace systems, so you don’t have to invest in upgrading your IT infrastructure to accommodate new claims automation processes.
The webinar will be approximately 45 minutes long. It will also include a question and answer session at the end of the platform demonstration so that viewers can ask any questions about the software’s functionality. If you can’t make it to the live webinar on 11th October, don’t worry. You can view the recording on-demand on our website shortly after it is aired.
Learn how the claims automation process can optimise insurer’s costs
Here is a quick rundown of some of the talking points that will be covered in the webinar:
1. What is the situation in the Claims Software market and why did you decide the world needs another one?
Before starting to build the Claims Module, Eero and the team conducted extensive market research into the existing Claims Handling Software and during the webinar, Eero will share some of these findings
2. What does a good Claims Handling Software look like?
We will then explore the main components a claims software should have and furthermore, what are the essential components in the overall company process/infrastructure where claims handling software belongs?
3. Can Claims Handling Software help reach cost-efficiency?
Watch our webinar to find out the answer to this question.
4. When can you get to the stage of cost-efficiency?
Watch our webinar to find out the answer to this question.
Sign up for Insly’s claims processing automation webinar recording
Here at Insly, we provide insurers and MGAs with affordable claims processing automation software that’s easy to use and integrate with your existing tools. We’re part of a global Insurtech network that collaborates with numerous insurance industry experts. Through their input and our product team’s expertise, we create ideal-fit low/no-code tools that can eliminate inefficient, error-prone processes. Insly can also help expand an insurer’s capacity to meet insurance customers’ ever-evolving expectations for their cover providers.
Follow the link and sign up to watch our webinar recording now. Alternatively, if you can’t make the live presentation, check back on our blog after 11th of October, and you can stream the webinar at a time that suits you. We’re also available to give you a free 1-to-1 product demo, where you can raise any queries and find out how to customise our claims processing automation software to meet your individual needs. If you would like to find out more, please get in touch with us now.
