Natural disaster season, also known to the Insurance industry as the ‘CAT’ season, is here. Are you CAT season ready?
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In a world with a myriad of software and software as-a-service (SaaS) solutions for almost anything, often it can be challenging to identify what actually makes a strong and captivating product. Gone are the days of basic functionality, generic ‘out-of-the-box’ solutions and their fluffy product roadmaps. Customers and vendors expect a top-notch product with a dedicated team who understand their business challenges from the outset. Good software is focused on creating solutions for complex business problems.
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Change is the only constant, and motor insurance claims are no different. There are distinct challenges that have historically impacted insurers, and their customers for longer than the industry would care to admit.
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Australia’s General Insurance Code of Practice, created by the Insurance Council of Australia (ICA) is perhaps better known by your business as ‘GI COP’, ‘The Code’, ‘The code of practice’ or even commonly prefixed with “ugh!” has been overhauled and in effect since January 2021. This is just one of the major regulatory changes insurers must now navigate.
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In this blog post we sit down with the founders of Yarris Technologies and discuss claims management software, the beginnings of Yarris and how the landscape of SaaS technologies has changed over the last 20 years.
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With Arnie’s inbuilt smart algorithms and automations, the average total loss claim settlement now takes less than 2.5 days, down from 9 days in 2012. In this article we explain how Arnie has made this possible.
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