Reinsurance Claims Leakage


Description

The result of incorrect reinsurance claims handling is financial loss to a carrier’s bottom line. The source of the leakage may be due to manual miscalculations, inaccurate or inadequate information for claims transactions, lack of control over policy and claims information, or other reasons. Martin Greenberg, Reinsurance product manager, reveals other sources of leakage and offers recommendations on how to improve the reinsurance claims recovery process in his article.