Nearly six in 10 (58%) claims handlers were eager to develop new technological skills as 95% believed that technology will play an important role in the claims process over the next five years, according to Sprout.ai.
The insurtech surveyed 142 claims handlers from the UK and the US, across nine different insurance lines, finding that 59% of claims handlers believed technology will significantly impact claims processing in the next five years. Key findings from the research were that 29% of life insurance claim delays stemmed from lengthy approval processes, while 30% of health and dental insurance delays were due to approval processes, with a 59% demand from claims handlers for analytical tools. Overall, 36% of UK claims handlers reported document management issues, compared to 14% of US claims ha...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.