International risk team: Practical suggestions for prompt payment on complex claims
Revenue is vanity. Profit is sanity. Cash is reality. So the saying goes.
In the current climate, settling claims and getting funds to an assured promptly is as vital now as it ever was. Despite the negative press, the reality is most risk carriers want to pay valid claims as efficiently and quickly as they can. You don’t have to wait for the final adjustment or the final survey report and agreed claim figure to start the cash flow to your assureds. So here are three practical suggestions to help risk carriers keep their funding of assureds as efficient as possible.
Read the full article below.