Spear Technologies

Link: https://lnkd.in/eRMaj9QF   Join us for an insightful webinar as we delve into the transformative world of Artificial Intelligence and Analytics. This session is designed to provide insights into two of the most crucial tools reshaping the insurance industry.

Spear would like to wish a safe and Happy 4th of July to our clients, partners, and friends!

Link: https://lnkd.in/enpErnj8 In the relentless pursuit of cost reduction, insurers continuously try to lower their cost per claim (CPC). While traditional internal efforts may yield marginal reductions, incorporating advanced capabilities like AI, deep analytics, and intelligent automation in modern core systems presents a profound opportunity for significant gains. Explore how advanced technology mitigates risks, improves efficiency, and enhances customer satisfaction, ultimately improving the bottom line by as much as 25%. Please click the link above to read the whitepaper.

At PRIMA National 2024, Spear Technologies will be demonstrating ways that our highly configurable claims management and policy administration software empower workers’ compensation and liability claim managers, risk managers, and loss control personnel with unprecedented speed, control and results.

Link: https://lnkd.in/eBdMhvv2 Insurers have always paid close attention to their KPIs to assess overall performance and identify areas for improvement. Almost daily, the news features stories of P&C insurers struggling with rising loss ratios, particularly in property, liability, and workers' compensation lines. With that in mind, managing the litigation rate is critical for insurers to successfully lower their cost per claim. Fortunately, insurers can now leverage modern core technology in several ways to improve their litigation rate.   To discover the 5 techniques insurers can use to rein in litigation rate by leveraging modern core technology, please click the link.

Link: https://lnkd.in/eTHJJQZN Subrogation is a vital component of insurers' risk management and claims handling strategies, enabling them to recover costs, control premiums, mitigate risks, and maintain financial stability, all of which are essential for long-term success . Insurers that are adept at it are able to improve loss ratios, remain compliant, and gain a competitive advantage. Subrogation is one area where the advanced capabilities of a modern core system can yield significant benefits.   To discover the 7 ways insurers can leverage modern core technology to significantly improve subrogation rates, please click the link.

Spear Technologies' Director of IT and Cybersecurity, Rob Kinley, discussing proactive measures insurers can take to enhance their cybersecurity during the Cyber Lessons Learned Roundtable at CAJPA Spring Workshop.

Link: https://lnkd.in/ekzRzuJh In the realm of insurance, the time it takes to settle a claim, known as the Average Time to Settle, is a critical metric that insurers must continually strive to improve. This duration, from the moment a claim is reported to its resolution, holds immense significance for insurers, impacting various aspects of their operations and customer satisfaction.    Fortunately, insurers can leverage modern core technology to significantly reduce the average time to settle, leading to improved customer satisfaction, operational efficiency, and a competitive advantage in the market. To discover how insurers can leverage modern core technology to significantly reduce average time to settle, please click the link.

At CAJPA Spring 2024, Spear Technologies will be demonstrating ways that our highly configurable claims management and policy administration software empower insurance professionals, claim managers, risk managers, underwriters, and loss control personnel with unprecedented speed, control and results. 

At CSIA 2024, Spear Technologies will be demonstrating ways that our highly configurable claims management and policy administration software empower workers’ compensation professionals, claim managers, risk managers, and loss control personnel with unprecedented speed, control and results.