The demand for expert claim adjusting services is an everpresent one. As insurers, claimants, and policyholders seek modern and efficient claim adjusting services to settle the rising number of claims in a post-pandemic recovering economy, the claim adjusting market is growing in tandem. The insurance claims adjusting market has become worth $274.2 billion in 2022, experiencing an average growth of 3.9 percent per year.
This market growth is propelled primarily by the pandemic, with rising consumer claims settlement suits for handling business losses brought on by the recession and health insurance claims caused by high medical expenditures. Faced with an enormous amount of claims, insurance carriers are seeking ways to ensure faster claims resolution with minimal liability to themselves, driving market growth. Increased regulatory requirements for the employee benefit fund and downstream insurance markets are further anticipated to aid market growth.
This edition of Financial Services Review shines light on the key developments in the claim adjusting space and how insurers are leveraging the latest solutions and services to drive efficiencies in their claim adjudication operations. It features thought leadership articles from Laurie Pierman, Vice President of Claims Operations at Amerisure Insurance and Kosta Biris, Head of Claims Australia, New Zealand at HDI Global Specialty SE. They speak about the increasingly important role played by text messaging in facilitating ease of communication between adjusters and claimants, and the need for insurers to create digital strategies that connect policyholders to insurance brokers, partners, and administrators for streamlining the claims process.
The edition also features Cross Country Adjusting, a claim adjusting firm that brings a team of experienced, trained adjusters along with cutting-edge claims management technology to streamline and enhance the claims handling process.
In this edition featuring top claim adjusting firms, we hope you find the appropriate company to serve your claims adjudication requirements. Let us know your thoughts!
