The longer insurance claims take to settle, the greater the cost to the business and the more customer satisfaction is eroded. In a tough economic
climate, the volume of claims - particularly fraudulent ones - tends to go up, putting further strain on long-term profitability. And when claims are
complicated by issues such as physical injury or legal action, or claimants artificially inflate the sums involved to make up for their inconvenience,
costs soon spiral.
How SAS Can Help
SAS has used its expertise in advanced analytics to develop a suite of solutions specific to the needs of insurers. Our systems use sophisticated modelling techniques and past claims history to determine the most effective way of dealing with a claim from first notification of loss. This reduces the time and cost of settling claims, while minimising the potential for claims padding and fraud.
Ready to learn more?
Call us at 01628 486 933 (UK) or request more information.
Predictive Claims Processing. Transforming the insurance claims life cycle using analytics.