Innovation in Insurance: Reducing LAE and Cycle Times

Innovation in Insurance: Reducing LAE and Cycle Times

Digital transformation is key to cutting Loss Adjustment Expenses (LAE) and improving cycle times in Property & Casualty Insurance (P&C). LAE can represent as much as 80% of a policyholder’s premium. The claims management process must be managed efficiently for insurers to stay profitable and competitive. This article explores the influence of advanced technologies, like […]

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