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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 it so important to reduce leakage? Even […]
When it comes to your core solution provider or any software vendor with which you work, you should ask yourself “How easy is it to conduct business with them?” In addition to solution quality, vendor accessibility, responsiveness, and problem-solving capabilities are key factors to consider when evaluating them. A vendor should be readily available and […]
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. […]
The Realities and Misconceptions Regarding Two Essential Tools for Insurers In today’s fast-paced insurance landscape, staying ahead of the curve is essential for maintaining competitiveness and meeting evolving customer expectations. As technology continues to advance, insurers are increasingly turning to tools like Artificial Intelligence (AI) and analytics to drive innovation, enhance operational efficiency, and improve […]