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| Articles by Steven M Richard |
1. Using Effective Claims Management Process for Your Insurance Company
November 15, 2013
Claims management is one of the key processes of any insurance company. An effective claims management system will have a great positive impact on the company, regardless of its size. It takes care of many operations like opening, closing and reopening of claims, making payments, coordinating with s...
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2. 5 Key Benefits of SaaS Policy Admin Systems
October 22, 2013
Improving performance in the area of new business and underwriting in today's economic times is particularly important. Lower affordability on the part of customers is forcing many carriers to lower profit margins in middle market products - emphasizing the constraint to lower the cost to enable new...
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3. Detecting Worker's Comp Claims Fraud Through Technology
October 10, 2013
The struggling economy has hit insurers hard and has taken its toll in particular on the workers’ compensation system. In addition to premium abuses by employers, claims fraud and abuse by workers and service providers have produced significant losses. As a result, insurers are constantly seeking ne...
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4. Insurers Leverage Claims Technology to Escalate, Fast-Track and Optimize
September 23, 2013
Claims are an insurance company’s biggest expenditure, with claims disbursements and loss-adjustment expenses combining for up to 80 percent of an insurer’s total revenue. Until the economy returns to a sounder and more stable level, enhancing combined ratios (also known as composite or statutory ra...
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5. Policy Administration System Modernization is Occurring at a NASCAR Pace
September 19, 2013
A look back to 15 years ago reveals that most insurers back then built their own PAS solutions in-house. In an effort to address the long time lines and escalating costs associated with this strategy, the trend shifted to a packaged solution approach. Today you rarely find a carrier building their o...
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6. Improving the Strength of Your Claims System Auditing Process
September 17, 2013
Higher caseloads for claim managers, and an increase in outsourcing has spiraled claim departments into an escalation of human error, and an inflation of fraudulent & improper claims being paid. Claims departments rely heavily on the claims system audit process to red flag any failing operating proc...
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7. 10 Tips on Preparing to Replace a Policy Administration System
August 07, 2013
Many insurers launched new Policy Administration Systems (PAS) in the late 90’s, and the industry noise level is indicating that it may be time for many to upgrade. Replacing your core Policy Administration System (PAS) can be an overwhelming undertaking. Preparing your company for the review and se...
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8. Oh My How Claims Management Has Changed!
August 05, 2013
In the last decade there have been many important changes in Insurance Claim Management that have improved predictability, the integration of data and added the convenience of mobility to increase processing speed. In fact, the industry has experienced far too many changes to attempt to enumerate th...
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9. The Importance of Proper Data Conversion
July 19, 2013
Replacing legacy claim systems and re-configuring core claims management systems are complex projects with high risk factors. Once it has been determined that a new core system will be put in place insurers are faced with the task of moving data from one system to another. Mapping out a solid plan f...
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ABDUL HAYE AMIN
Background Information
Abdul Haye Amin is the author of new book of poetry in language English ...more
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TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
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ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
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LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
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STEPHEN BYE
Stephen Bye is a fiction writer. His most recent novels are a 5-book “The Developer” series which be...more
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PAUL PHILIPS
For more articles, blog messages & videos and a free e-book download go to www.NewParadigm.ws your p...more
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LEVAL AINAH
I am an internet marketer and also an educator. My goal is to help others who are looking to improve...more
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GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
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ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
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Author: Steven M Richard
