Innovation can be overwhelming for insurance company executives. However, the goal of innovation is much more attainable if you break it down into three opportunities: legal document automation, descriptive analytics and predictive analytics.Executive SummaryTalk of innovation can be overwhelming for insurance company executives. If you break down this innovation into three opportunities, however, you’ll find that the goal of innovation is much more attainable, according to CaseGlide Founder Wesley Todd.
The problems legal documents cause for insurance companies involved in claims litigation go well beyond deciphering the cryptic legalese:They are expensive. They typically have little to no impact on the pending litigation. They are impossible for insurance companies to manage.
But claims and legal executives at insurance companies can solve these problems more easily than you may think. The solution is legal document automation—a software-based platform that allows the insurance company and attorneys to transform claim management.