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Salvage as a Claims Management Tool
Monday, August 31, 2009
By adopting salvage management, following benefits would accrue to the Insurers to start with:
a. Maximizing realization from sale of salvage over a period of time leads to much needed ‘lower claim ratio’ for the Insurers;
b. Shorter Claims Turn Around Time (TAT);
c. Complete salvage management solution saves time and manpower of Insurers, which can be invested in developing some more innovative ideas for claims handling and management;
d. Insurers are able to have complete control over the salvage settlement/disposal activity with our transparent salvage management system.
Posted By: Salvage Management Team |
