Insurance providers and independent adjusting firms

The Property Insurance Markets are an extremely competitive space. Whether you represent a well capitalized legacy provider or an insurtech start-up entering the industry, where can insurers and independent adjusting firms turn in order to gain a competitive edge to achieve success?

Articles –  https://www.jdpower.com/business/press-releases/2019-us-property-claims-satisfaction-study Based on JD Power's U.S. Property Claims Satisfaction Survey 10 out of the Top 10 providers have implemented Managed Repair Programs as an integral part of their customer service solution for policyholders in need of service. More and more carriers are looking to implement the model in order to compete.

Disruptive Movements– Did you know that several industry groups and associations are now leading disruptive movements to combat insurers by lobbying for more margins. Between AOB Abuse, Public Adjusters, Rebel Advisers with lien leverage tactics, Savvy Consultants with promises of more profits with supplement tricks and techniques continue to increase settlements, loss ratios and premiums for everyone! Insurance Fraud is a billion dollar annual industry that continues to plague insurers and hurt policyholders. These movements continue to demonstrate the urgency for carriers to implement trusted solutions. 

Avoiding exposure from bad actors and adversary vendors – When a policyholder experiences a claim, the last thing the insurance provider needs is a poor claim experience. Leaving policyholders to chance can expose the carrier's indemnity to unqualified, over-billing practices or even fraudulent bad actors. 

What is a Managed Repair Program? – Networks or Preferred Provider Programs are third party companies utilized by insurance providers that outsource the repair and emergency services  functions when a policyholder has experienced a claim. Members must pass extreme vetting and credentialing processes in order to participate. Who wouldn't want a properly structured, certified, licensed and insured contractor who's performance is constantly monitored, working on their property?

Don't leave Policyholders to chance. Learn how iClaimsWork can find the best solution for your book of business Today!