Capturing the Insurance Market's Most Important Dataset - as DATA
The Claims Dataset
Capturing the Insurance Market's Most Important Dataset - as DATA
The Claims Dataset
The Claims Dataset
The Claims Dataset
LossBook digitizes the loss reporting process at source and provides secure access to all data owners. Data driven decision making, improved performance with reduced cost and no more rekeying - ever.
Minimal structured data capture
*1
Multiple manual processes and repetition error
*2
Email - Still the primary form of data transaction and retention
*3
- LossBook ingests digital data removing the need for costly and time-consuming extraction
- Efficient process creates interoperable data that is ready for analysis and automation of repetitive tasks
if the commercial insurance and reinsurance market takes the necessary actions it will experience $600 billion in revenue growth and 25%-35% improvements in combined operating ratios.'
'This evolution is contingent on pervasive technology enhancements and a commitment to use data more extensively and intelligently - including standardised data flows and integrated technology.' *4
LossBook is a software company built on technical and risk expertise whose mission is to systemize and digitize all loss data at source making it useful for any risk or business application in your organisation.
We know that you don't need more work to extract your data. LossBook allows information to flow from a single entry for the benefit of policyholders, insurers, brokers and adjusters and lawyers. Giving all parties efficient, secure process and data driven decision making and advocacy.
*1 •Insurance productivity 2030: Reimagining the insurer for the future - Insurance productivity 2030 | McKinsey October 8, 2020
*2 DXC London Insurance Market 2020 processing
*4 NextWave Insurance: large commercial and reinsurance How insurers can redefine the possible on the journey to 2030 - ey-nextwave-insurance-large-commercial-reinsurance.pdf
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