RDT Limited’s Post

How #insurance companies can turn signatory management into a competitive advantage... Managing authorised signatories can be complex, but with the right tools, insurers can: ✅ boost compliance ✅ prevent fraud, and ✅ streamline operations. Discover how automation and centralisation are transforming signatory management in the industry. Learn more in our new blog 👇 https://lnkd.in/g4sXHpcb

Get ready to be inspired as Nikita and Vanessa discuss the creation of Modern Insurance Brokers on October 11 at 10 am. Learn about the latest technology trends and goals, and hear intriguing stories. Register for our webinar with robyn@vmcs.co.za or go to https://lnkd.in/du5xvQmu #VMConsulting #insurancesolutions #DigitalTransformation

Manual triaging of insurance claims can be labor-intensive and prone to errors, resulting in delays and inefficiencies in claims processing workflows. With a high volume of incoming claims, organizations struggle to prioritize and route them accurately, leading to backlogs, processing errors, and increased operational costs. Our solution automates claim triage, leveraging advanced algorithms and rules-based logic to intelligently prioritize and route claims for processing. By automating repetitive tasks and optimizing workflow routing, organizations can achieve greater efficiency, accuracy, and scalability in claims management. See how our solution can streamline your claims processing workflows and improve operational efficiency. Reach out to our team to request a demonstration and explore the benefits of automated claim triage: https://hubs.li/Q02tVVyL0 #AutoTriaging #ClaimsProcessing #Efficiency

The FCA has released its latest thematic review report (TR24/2) on Product Oversight and Governance, focusing on general insurance and pure protection firms. The findings highlight some critical areas for the industry. Despite previous guidance, the FCA found that many firms are still not fully meeting their obligations under PROD 4. Widespread shortcomings were observed, particularly in how firms assess and evidence that their products offer fair value and deliver good outcomes for customers. While some progress has been made, especially among manufacturers who have strengthened their governance arrangements, significant gaps remain. This serves as a crucial reminder of the importance of robust oversight and governance processes to meet regulatory standards and protect customer interests. For those in the industry, this report is essential reading to understand the FCA’s expectations and the areas needing urgent improvement.

In today's commercial insurance market speed is essential for staying ahead. Our latest blog explores how modern data technology can accelerate your quote and bind processes, allowing brokers to deliver bindable quotes to customers faster. Learn how data integration and the automation it enables can transform your workflow - link in comments. #TechForBrokers #APIAutomation #DigitalInsurance #InsuranceInnovation

Are you looking for ways to streamline your claims process and enhance profitability in an unpredictable market? In the latest article from The Insurance Board, learn how a Straight-Through Processing (#STP) approach can improve your claims management, reduce costs, and increase efficiency. Dive into how STP can help insurers balance risk and profitability, with practical insights on #automated damage assessments and rapid payments. To read the full article and explore how adopting STP can position your company for long-term success., please visit: https://lnkd.in/didZCtbC #TheInsuranceBoard #pcinsurance #expertinsights

Know more at: https://hubs.ly/Q02RPjyk0 Get your report now: https://hubs.ly/Q02RPgfs0 Are you aware of the ways in which automation significantly enhances the efficiency of processing claims? - Benekiva Brent Williams, Tony Diodato, Maura Gilson O’Donnell, AIF®, PMP®, PCM®, Ankita Kanade, Elaine Coultas, Shelby Sawyer, James Preston, Joe Malone, Mike Shea, Pat Byrne, Jes Vargas, Ryan Dooley, Krista Eger, CSPO, ALMI, ACS #claims #insurtech #claimstech #claimmanagement #claimsautomation #optimizeclaims #insurance

Digital Transformation: Commercial insurance providers are embracing digital technologies to streamline underwriting processes, enhance risk assessment, and improve the overall client experience. This includes digitizing policy issuance, automating claims handling, and offering self-service portals for policyholders.