Each year, a significant percent of property and casualty claim dollars are paid in error due to mistakes and other oversights made in the claim adjustment process. Cognizant Open Claims Audit helps claims managers evaluate a claim prior to closure and reduce errors that could lead to financial losses for the carrier.
With Cognizant Open Claims Audit, carriers can shift from a post-payment sampling of claim files to a near real-time review of files. All files are pre-screened against insurance industry best practices and carrier policies. By reviewing flagged files in near real-time, carriers can reduce financial leakage and have a comprehensive view of the actions necessary to reduce risk by driving process improvements over time.VIEW PDF
Change is on the horizon for one of P&C’s most stubborn problems. Here’s how insurers can ready their organizations—and capitalize on the benefits.LEARN MORE