Claims Management – More Than Just Managing Claims

In a world of technology, big data, and data analytics, there is a wealth of information at our finger tips. The questions remain, how do we capitalize on this to:  

• Increase efficiencies in claim handling
• Reduce overall loss ratios
• Enhance risk management strategies   

The answer:  Xcelsia Claims  

By utilizing cutting edge technology, we can effectively decrease spend and cycle time.  Analytics are tracked and reported on in regards to a number of key criteria which include but are not limited to:

• • Cause of loss
  • Location of loss
  • Payments/ reserve by line of coverage
  • Recoveries
  • Expert expense spend

This data is analyzed in an effort to identify trends at which time training can be developed to assist in mitigating future losses of like kind.  In addition, the expert expenses are automated within the Verametrix system which means each invoice is compared against the budget, exceptions and duplication are identified and eliminated if not warranted. 

These are just 2 of the value adds and differentiators within the Xcelsia offering. 

Click here to view the virtual brochure to learn more: http://xchanging.turtl.co/!AX4Xbm

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