A customized approach to recovering missed reinsurance claims
Genpact can tailor its ReFinder solution to fit the needs of insurers of any size to mine legacy claims data for missed reinsurance claims and then win them back for clients to reinvest or boost their bottom line.
Working in close collaboration with each client, we use our time-tested methods to set a timeline for recovery. Then, we use proprietary analytical models to scrutinize the data for claim leakage, continuously improving our modeling along the way. Our experts review each high-probability claim identified and submit the researched cases for client review and approval. All that remains is for the client to bill and collect in good faith.
ReFinder recovers an average of $5 million for our insurance clients. What's more, we provide root cause analysis so that clients can prevent future leakage. And our engagements are quick, with the data mapping and modeling stage typically lasting only three months.
With ReFinder's combination of proprietary analytical modeling and insurance expertise, insurers can anchor their reinsurance recovery process firmly in the digital age.