Mail and print distribution likely aren’t an insurer’s strong suit. Yet timely and accurate correspondence is a crucial aspect of insurance operations. Since it’s not a core competency for insurers, managing the costs, technology, and systems involved with this...
P&C insurers must adequately prepare for seasonal surges in demand to minimize service disruptions and maintain policyholder satisfaction during peak periods. With proper preparation, insurers can allocate resources efficiently and optimize operational costs...
No policyholder looks forward to initiating a claim, but when they do they expect a fast and seamless experience. Insurers must strike a balance between processing claims quickly and maintaining accuracy and thoroughness. Failing to do so can lead to overpayments or...
When considering outsourcing key insurance functions, it’s essential to have confidence in the proficiency of the team handling these critical tasks. You want to be sure they’re well-equipped to navigate the industry’s complexities and deliver top-tier service to your...
Insurance underwriting is tougher than ever, with the industry facing a $24.5B net loss in 2023. Despite challenges like a potential recession, surging natural disaster claims, and rising fraud, the market is growing, valued at $1.8T and set to expand. Covenir offers...
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