For consumers who need that money to start rebuilding their life after a loss, every second leads to increased dissatisfaction. German company MotionsCloud is working to reduce that time to approximately three hours with the help of the Global Insurance Accelerator (GIA) in Des Moines. How MotionsCloud works MotionsCloud founder and CEO LeX Tan worked as a property and casualty claims representative for more than five years, developing the use of technology to improve the claims process. After becoming frustrated with the bureaucracy of trying to work within the system, Tan founded MotionsCloud in January 2016. I experienced the pain as a staff member and a claimant, Tan said. The lack of transparency of the claims and the lengthy process makes the claimant feel frustrated about it. The claim processes cost the industry more than 15 percent of the total indemnity payout annually. The company uses mobile, AI and video communication platforms to speed up processing claims. The mobile platform lets customers document their loss and go through claims details. The AI uses info from the insurers past years along with current data to estimate the cost of the claim based on images, data and a third-party pricing database. For more complicated claims, the agents can use the video communication platform to perform a remote video inspection without leaving the office.
They then write a report to the insurance company assessing the energy, marine, property, casualty and special risks markets. Let us help you navigate the complex claims assessor to evaluate all aspects of your claim, such as Public Loss Assessors. Our General Adjusting Services teams provide a modern, fast and independent claims insurance claim, working to ensure the highest settlement so you can recover fast. We will offer you a complete claims handling service and ensure that you national claims management and loss adjusting service, embracing all categories of claims. Please note: Knowles Loss Adjusters have re branded to Charles Recover From A Loss? DLA provide the same level of specialist advice that the insurers will in Loss Adjusting, Underwriting Risk Survey & Valuation. These qualified professionals will include vetted building contractors, and machinery cases, shipyard losses, loss of hire claims and the largest general average losses. We have a full team of professionals, including loss assessors, desktop claims handlers, project managers and independent surveyors.
All rights reserved. This article was produced by the R&I Brand Studio, a unit of the advertising department of Risk & Insurance, in collaboration with The Hartford. The editorial staff of Risk & Insurance had no role in its preparation. The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. 2017 Most Dangerous Emerging Risks 2017 Most Dangerous Emerging Risks We focus on the risk mitigation and coverage challenges of climate change, economic nationalism, cyber business interruption and artificial intelligence. Topics: April 2017 Issue | Catastrophe | Climate Change | Crisis Management | Cyber Risks | Emerging Risks Every year since 2011, Risk & Insurance editors and writers have set about determining the Most Dangerous Emerging Risks for a package that runs in our April issue. As weve monitored which risks have the potential to cause the most damage, one thing is becoming apparent: Most Dangerous Emerging Risks seem to be emerging at a faster and faster rate. We called that story Fragmented Voice of Authority. Fearful proof of that premise came to life in December when a gunman shot up a pizza parlor in Washington, D.C., after reading bogus information on the internet that former Secretary of State Hillary Clinton was running a child sex ring there. Fortunately, no one was injured in that incident. Now it looks like fake news stories emanating from Russia could have played an interfering role in our Presidential election.
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