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Loss reduction via Claims - Coggle Diagram
Loss reduction via Claims
Indemnity (40 points)
Reducing attorney involvement
Improving operational efficiency
Save costs
leveraging NEXT volume of claims
Avoiding inflation of claims
by using our experts
Save time
ALAE (20 points)
DCC (18 points)
Late reporting
[GL] Motivate/enable
claimants
to report earlier
Improve 3rd party claim
reporting via our website
Update COI with
link/phone# to file a claim
[GL] Motivate insured
to report earlier
Inquiry service
Communications
EMail
Portal
Funnel
COI
[WC] Motivate employers
to report earlier
[WC] Help injured
worker to report the claim
[WC] Response
asap to FNOL
[WC] Improve communication
with injured worker
OA (2 points)
[GL] Remote adjustment
[GL] replace external
adjusters with our
contractors (network)
[WC] TBD