Reconciling and processing list bill payments is expensive and time-consuming for group insurers. Group e-billing systems enable carriers to present list bills to customers via the Web. By presenting this information to customers online, instead of on paper, and by giving customers the ability to sort, analyze and adjust bills themselves, carriers can eliminate unnecessary work, expense and frustration-for themselves and their customers. As a result, Boston-based Celent Communications predicts e-billing will shortly become a competitive requirement for group and workers' compensation insurers. Most carriers surveyed by Celent anticipate that a 15% to 20% customer adoption of group e-billing will yield a positive return on investment.
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Dave North, executive chairman of Sedgwick, will retire on June 30th, but will continue to serve on the company's board of directors.
April 26 -
SDK integration can simplify and revolutionize digital offerings for health insurers.
April 25Spectrum.Life -
The insurtech discusses its multi-line solutions and ethics of AI.
April 25 -
Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according to a company spokesperson.
April 25 -
The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday.
April 25 -
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
April 24