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Can Electronic Reinsurance Claims Benefit Your Business?

March 20, 2017 / Reinsurance, Claims, Electronic Claims
Let’s be honest.  How much time is your company currently spending processing reinsurance claims? How many hours are you wasting copying, printing or faxing claims to your reinsurers? Are you submitting claims individually or in multiple monthly batches?  Are you concerned about missing or erroneous data?  Is it difficult to reconcile open or pending claims with your reinsurer?  Wouldn’t you love a way to streamline this process? Well, guess what?  There is a way!  Our TAIB300 (Claims Notices) Program provides a simple method of submitting claims electronically. It significantly reduces the time expended on this manual process while also mitigating the risk of data errors or inconsistencies.  And the best part, shifting reinsurance claims submission to an electronic format benefits both ceding companies and reinsurers. Are you curious yet?  For those unfamiliar with TAIB300, I’ll share how it can be used and provide a bonus job aid to walk you through set-up. And if you are looking for even more, we’ve also dedicated a specific breakout session to Claims Updates and Processing at our upcoming User Group in Arizona. Now let's dive in!
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