Gallagher Bassett, the global risk and claims management provider, has announced a new initiative with the Special Olympics. The partnership with the Law Enforcement Torch Run (LETR) will raise funds to support opportunities for Special Olympics athletes and volunteers around the world. Read the full story here – Gallagher Bassett’s new Special Olympics partnership | Insurance Business Australia (insurancebusinessmag.com)
Insights
Robust Cost Containment Strategies to Reduce Average Claims Cost
It is no secret that one of the keys to success in the insurance sector is the ability to reduce average claims cost – but that can be easier said than done, particularly when claim complexity and volumes soar. It is one thing to talk about resolving claims as efficiently and accurately as possible but another to make it a reality while juggling multiple claim situations, staffing concerns and potential fraudulent claims. Here, we explore four important aspects of a robust cost containment strategy that helps reduce average claims cost while improving outcomes for policyholders.