Claims Resolution Management Corp., a Fairfax, Va.-based provider of asbestos claims resolution technology, reports users of e-Claims, an interactive, Web-based claims filing, processing and payment system, have achieved a 95.86% accuracy rate. Of the nearly 8,500 asbestos claims the company audited, less than 350 required modifications, and almost one-third of the corrected claims were upgraded to a higher disease category, and thus a greater settlement value.e-Claims analyzes responses by certified users to prompts and questions regarding a claim and its supporting documents, comparing the claim to pre-established medical and exposure criteria, and assigning the highest categorization for which the claim is eligible. Users can either accept or reject the offer.
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The middle of a catastrophe is not the time to discover gaps in a disbursement process. Carriers should understand the complete path from claim approval to usable funds before claim volumes spike.
September 9
InvoiceCloud -
Cyber policies must keep pace with a surge in incidents fueled by AI, as well a growing trend toward account takeovers.
September 9 -
Even when AI is accurate enough to act on its own, customers and regulators will challenge the results. Insurers must be able to defend these decisions.
September 8 -
The life insurer credits its leap to the top of LIMRA's rankings after a years-long push toward using AI to accelerate decisions and lower costs.
September 8 -
Insurtech executives share the biggest mistakes they see other insurtechs making.
September 4 -
Incorporating climate risks into modeling and pricing can help insurers better anticipate and manage their potential health and financial impacts.
September 4
Society of Actuaries Research Institute






