Streamlining Auto Claims
The insurance industry spends $300 billion a year managing vendors and procuring services for the claims process. 75% of those dollars are spent with third party auto and property related service providers such as repair facilities, rental car companies, property restoration firms, and auto glass installers.
A Leaking System
Due to ineffective vendor sourcing and management, and the human errors that are inherent in manual processes and paper-based documentation, it is estimated that more than $30 billion is lost every year. Efficient, effective procurement and management of vendors and services can have dramatic results on policyholder retention, satisfaction and overall resource usage.
A Broad Range of Services and Solutions
At ClaimForce we offer the most complete online procurement management solution in the auto insurance claims industry; our technology enables insurance companies to utilize smarter solutions and gain a competitive edge in the market. The transformation in their claims process results in reduced processing costs, increased customer satisfaction, and decreased cycle time.