Data analysis software (e.g., ACL) allows us to review 100% of your data. This means we can provide you with lists of specific policies and claims that need to be reviewed and quantify the effect of detected errors.
Homeowner's Missed Revenue 
- Replacement value – customers who have held their policies for a long time and do not have a replacement value policy may be happy to change.
- Consistent policy amount – customers who have not increased their policies in a certain time period should be contacted due to increased home values, potential home improvements, etc.
Automobile Policy Review
Customers are often unclear on how much and what type of policies they need. We can review the policies to see if certain policy terms are missing. For example, if a customer has collision insurance but no coverage for bodily harm, they may want to add this to their policy. Leased autos without gap coverage represent another possibility.s
Duplicate Claims
We help you identify potential duplicate claim payments. We do this through our understanding of your processes and the controls in your systems combined with our knowledge of the many ways duplicate payments occur. We then utilize data analysis software to test 100% of your data. We can review any time period, although we have seen the best results from at least 12 months of data.
If you're interested in these or other ways we can analyze your data and improve your business, please contact us. At Brown Smith Wallace, we Make a Measurable Difference.
What else should I consider?
|