InsTech - insurance & innovation with Matthew Grant cover image

InsTech - insurance & innovation with Matthew Grant

CJ Przybyl, Co-founder & CEO: Reserv: Redefining Claims Outsourcing With Modern Technology (309)

Jun 30, 2024
CJ Przybyl, CEO of Reserv, discusses the innovative technologies transforming claims processing. He shares insights on the integration of generative AI and modern data infrastructure, emphasizing how these advancements improve efficiency and customer satisfaction. CJ also highlights Reserv's origins and his experience co-founding Snapsheet. The conversation explores the unique dynamics of the UK market, the balance between technology and human touch in claims adjustment, and the company's strategic plans for growth across Europe.
27:50

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Podcast summary created with Snipd AI

Quick takeaways

  • Generative AI is transforming claims management by improving data processing efficiency, but careful implementation and security considerations are essential.
  • Reserv aims to enhance claims handling for MGAs and carriers by combining modern technology and collaborative data strategies to boost customer satisfaction.

Deep dives

Challenges of Data Accessibility in Claims Processing

Many carrier systems in the insurance industry face restrictions on the type and flow of data they can export, impacting the efficiency of claims processing. This issue highlights the rigidity of traditional systems that were designed for a less dynamic environment. In contrast, some companies now offer real-time data feeds, which can create confusion for users who may not need such immediacy. Underwriters typically benefit more from aggregated data that informs their models without requiring instant changes, necessitating a collaborative approach between data providers and underwriters to optimize data usage.

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