Lloyds of London circa 1774

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The Insurance Consulting Company's consultants review current claim policies , practices, and procedures for appropriateness. This includes the examination of all, or a component piece, of your claim process  from coverage confirmation through evaluation and resolution of the claim.  The companies' methods, procedures, settlement ranges, and case reserving results will be compared to generally observed industry standards. We will provide recommendations ( if appropriate) for the improvement  of any claim handling deficiencies. 

Our experience in working with a broad variety of claims handling organizations places us in the unique position of being able to make recommendations for the development of, or redesign of,  the claim handling function based on best industry observed practices. Our services include an assessment of needs, preparation of procedures, standards, and means of measurement. We evaluate and can provide recommendations on required external service vendors based on best observed price and performance. We assist in the development of internal quality control procedures, support implementation, and provide follow up monitoring of the revised claim operations to assure the indemnity and expense savings you seek.  

Key Benefits

 Confirms the organizations stated philosophies, methods and procedures are being complied with.

 

Identifies any practices or procedures that adversely effect case reserving or settlement values.
 
Bench marks methods, procedures, and results against generally observed industry " best of breed" practices and standards.
   

 

Copyright © 2001 Insurance Consulting Company, LLC
Last modified: January 18, 2002