Combating Weather-Related Claims Fraud

Prefill Provides Better Service, Lowers Operational Expenses, and Improves Premium Accuracy
It's no secret that insurance is an intensely competitive business. The property/casualty industry spends more than $4 billion annually in clever advertising campaigns vying for consumers seeking lower rates, better coverage, or better service. Learn about how you can streamline the quote process to lower operational expenses and improve premium accuracy.

Catastrophe Loss Development Analysis
In the wake of a large catastrophe — a hurricane, tornado, or earthquake, for example — insurers and reinsurers have a big question to grapple with: Management, regulators, and investors all want to know, What will the cost to the company be? But hard information is not readily available on primary companies' actual claims and may not be available for months or longer. For reinsurers, the claim information that ultimately determines their costs is even less accessible.

Tackling the Real Wind Peril
Historically, fire has been a leading cause of commercial property damage losses. Along with fire, hurricanes and tornadoes — specifically the wind peril — are a growing concern. The active 2005 hurricane season brought that sharply into focus, with 27 named storms and 14 hurricanes (4 of which reached Category 5 intensity, including Wilma, the strongest Atlantic hurricane on record). Damage due to wind has been growing rapidly as a percent of overall commercial property losses.