With operations in over 100 countries, one of the world’s largest insurance brokerage firms managed a significant motor insurance portfolio across Europe. While the portfolio spanned multiple regions, persistent operational challenges were concentrated in Madrid and Lisbon. The effort was led in collaboration with the regional claim’s leadership team, focused on improving efficiency and client service in these two markets. Following were the challenges they faced-
Due to lack of standardization, both insurance teams in Madrid and Lisbon were handling initial claim reports (FNOL) differently, leading to inconsistencies.
Limited data driven visibility into unified claims platform in Lisbon restricted the ability to further improve claims operations.
FNOL Claims Creation
Effort per Claim
25% effort variance in effort per claim across locations was observed, with Lisbon demonstrating greater efficiency.
10% effort in Lisbon was spent on handling policy coverage and client specific procedures outside the unified claims platform.
Migrate Madrid’s LoB to the unified claims platform used by Lisbon to reduce effort per claim.
Integrate policy coverage and client specific procedure into the unified claim platform to achieve 10% optimization potential.
Scout identified a potential reduction of 25% in effort per claim and an additional optimization of 10% annually on Motor LoB across two locations by successfully improving platform adoption and reducing system fragmentation.
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |