claims cycle time News

Assigning claims upon receipt of the first notice of loss (FNOL) can be a cumbersome process. Evaluating an adjuster’s file load, availability and appropriate state licensing can be time consuming and may delay initial contact with the claimant or policyholder. …

The ability to report claims via mobile devices and streamlining the payment process are among the advances in technology that have helped reduce the cycle time for auto damage claims, according to industry experts. In addition, technology has helped with …