Pick Up The Pace In Underwriting, Claims, And More By Reusing Data Meaningfully

Recycling — reusing an item for the same (or a new) purpose — is vital as society seeks solutions for sustainable living. Yet for insurers, the greatest potential for reusing valuable items in meaningful ways doesn't require material recycling. It lies in the meaningful reuse of important information. Consider the information you collect from policyholders and others, and how many decisions are contingent on what they supply. How can you extract more value from what you have?

Key points discussed in this article:

• Understanding Information Value
• Defining Meaningful Use
• Discovering Where Meaning Lies
• Masterminiding Meaningful Use With BPM And Smart Integration
• Evaluate Your Routines
• Take Steps Toward Improvement