Claims wars

Article Abstract:

One of the keys for a successful insurance business lies on the ability of the company to handle servicing claims. There are ways to improve claims divisions but the difficulty of quantifying the costs of inefficient claims management poses as a hindrance. TPM Group, a claim servicing consultant firm, has developed the first quantitative model that aimed to match capacity to the workload coming into the claims office. Such model would make it easier for supervisors to provide objective evidence for increased staffing necessary to ensure a solid claims servicing processes.

Services, Automobile insurance

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Financiers: risk securitization has finally turned the corner

Article Abstract:

Four offerings of risk-backed investments have shown that they have been enthusiastically accepted by investors. However, risk securitization is still in its infancy stages since it must still prove itself before being considered a effective substitute for traditional reinsurance and traditional securities such as surplus notes and others. Insurers and investment bankers have discovered that risk-based investments must provide higher rates of return than its competing investments.

Evaluation, Insurance industry, Investments, Securities

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