Property Claims Vendor Survey

Date:MAY 2015
Status:Complete
Cost: $2500 Add to Cart
Detail:

Carriers are constantly looking for ways to improve their claims operational efficiency, manage loss and expenses, and improve customer satisfaction.   As part of their efforts, carriers are relying on strategic partners to help them deploy claims programs to address these challenges and gain an edge on their competitors.

To understand the business practices and impact these practices have on carrier performance, Ward Group conducted a survey, sponsored by BrightClaim, of P&C insurance carriers that handle property insurance.  Participants in the survey were widely representative of the property-casualty insurance industry and the aggregate responses corroborated data collected from other Ward Group research. The report presents the findings of this survey.

Table of Contents

Introduction

  • Overview
  • Executive Summary

Key Findings

  • Benchmark Groups
  • Financial Results
  • Organizational Structure
  • Customer Experience
  • Adjuster Performance
  • Independent Adjuster Usage
  • Third Party Loss Reporting
  • CAT Program Management
  • Contractor Network
  • Contents Program

Appendix: Detailed Study Results
 

Profile of Participants

A diverse group of 71 insurance carriers participated in the survey. In order to maintain the confidentiality of the data, the names of the participants have not been disclosed.





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