The Challenges Public Entities Face in Claims Management Claims management is a critical function for public entities, encompassing the process of handling, processing, and resolving claims made against government agencies. These claims can range from property damage and personal injury to more complex issues such as employment disputes or regulatory infractions. Efficient claims management is […]
8 Ways Public Entities Can Improve Claims Management
Public entities have unique insurance needs, particularly in how their property and casualty insurance is structured, managed, and regulated. When it comes to general liability, public entities face a broad spectrum of exposures due to their diverse operations. These can include liabilities arising from the maintenance of public property, law enforcement activities, public events, and […]
Generative AI: Transforming the Insurance Industry
It seems that lately, everywhere you turn, you see AI in the headlines, particularly the topic of Generative AI and its promises for changing the way organizations do business. How much of the “Generative AI is transforming the insurance industry” promise is hype, and how much is reality? First, it helps to define Generative AI […]
Ten Ways to Lower Claims Handling Expenses
Claims Handling Expenses: The costs associated with processing and administering claims, including personnel, technology, and overhead expenses. These expenses directly impact an insurer’s bottom line, making it essential to find ways to minimize expenses while maintaining high-quality service in order to remain competitive in the market. While most insurers have already made considerable efforts to […]
Eliminating Claims Leakage
Claims Leakage is defined as the extent of financial loss due to errors, inefficiencies, or fraudulent activities in the claims handling process. And while that definition is well known to insurers who track their business closely, how to reduce or eliminate that leakage is still a challenge. Why is eliminating claims leakage so important? Even though […]
Spear Technologies’ SpearClaims™ Rated Technology Standout by Celent
DENVER, CO – Spear Technologies (“Spear”), a leading provider of property and casualty insurance software solutions, has been named a Technology Standout by Celent in their Claims Systems Vendors: North American P&C Insurance 2024 report. SpearClaimsTM is an integral part of SpearSuite TM, which includes claims, policy, billing, and portal core insurance software solutions. […]
Spear Technologies Announces Highview National Has Gone Live with its Complete Property & Casualty Insurance Suite Software
After a fast and smooth implementation process, Highview is now leveraging the powerful and flexible capabilities of the core software suite across its operations.
Spear Technologies Launches Blog to Discuss the Benefits That Low-Code/No-Code Development Platforms Offer the Insurance Industry
Today, low-code / no-code development platforms (LCDP) are growing in popularity – and with good reason.
Protected: AI, Low-Code Platforms, and Customer-Managed Core Systems
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