Data: The Foundation of High Performance Claims Handling

In a newly published white paper, independent research firm Aite Group states that insurance companies can save approximately 15% of loss costs and LAE by more effectively using technology. Critical to this cost reduction is utilizing innovative technology to analyze the full universe of claims data especially unstructured data in free-form text and scanned documents. This provides greater insight into how every dollar is being spent so that insurance companies can minimize wasteful activities that do not improve claims outcomes.

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