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Modernizing Claims Management - How Data, Analytics, Cloud, Digital, and Automation Are Transforming Claims

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According to Melissa Icban, ARM, assistant vice president of claims at Sedgwick, today's workers' compensation systems can be overwhelming for injured workers. And that worker may need a sympathetic person to help guide them through it. "You're not going to be comforted by a robot," she says. "You need to hear that voice on the other end. Part of our job as claims professionals is advocacy and that absolutely cannot be replaced by a robot." The Latest Word in Technology A new phrase has entered the lexicon of insurance processing and technology: intelligent automation. This is where companies identify and employ automation at different points in the customer journey. One key function is the process of ongoing communication between the various parties in the claims process -- injured party, legal representative, medial provider, repair contractor, outside adjustor, and the insurer. Automation can help provide important communication via email or text alerts when the status of a claim changes. Benefits of A Modern Claims Management Solution The benefits of the new digital technologies are clear. Deploying enhanced data, analytics and automation into the claims process is helping to redesign the claims journey. One that offers: Claims that can be assessed and settled in minutes, if not seconds Personalized, omnichannel communication with customers Improved outcome analysis and loss retention Improved claims triage and adjudication Enhanced product pricing and design The time has come to transform claims management into a customer-centric, digitally enabled operation that drives customer value, operational efficiency, and better decision- making. MODERNIZING CLAIMS MANAGEMENT | 8

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