Case Study: Australia
The team first came together when implementing this solution in the Australian market for the largest personal lines insurer, handling one of the largest hails events to ever hit a regional center.
The Brief: Challenges of Hail Claims
The Claims Bridge solution was designed to address several potential challenges facing the insurer, when these catastrophic hail events occur in Australia:
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Scaling rapidly to cope with the volume of claims and keeping on top of claims-handling costs
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Ensuring the normal claims experience and operation is not impacted by these unpredictable events
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Utilizing scarce resources to focus on critical claims that need more manual intervention, such as house damage
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Maximizing the use of PDR to minimize costs and maximize the speed of repairs.
The Solution
With a combined claims experience of more than 200 years, The Claims Bridge understood these challenges and developed an industry solution to tackle these pain points directly.
Outcomes
Insurance Carrier Outcomes
~40% reduction in total claims cost
~150% to 200% increase in PDR repairs
~15-30-day reduction in cycle times
+10 pts - 20 pts increase in NPS for end-to-end claims
~30% to 50% reduction in claims handling expenses
Visibility of customer satisfaction at every claims touch point
Key Customer Outcomes
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Vehicle back on the road quickly
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Reduction in travel time due to no multiple assessments
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Quick and easy lodgment process
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Easy to contact and receive claim updates
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Automatic update of claims