Beyond the Buildings How Will Big Data Automation Impact Insurance Field Data?
As the claims and restoration business adapt to pressures of surging inflation, persistent labor shortages and the escalating frequency of natural disasters, automation has emerged as an investment avenue to help streamline processes and enhance efficiency.
However, not all technology solutions are created equal. In an industry when data fidelity is crucial for those in the field and automation is increasingly a stopgap amid ongoing staffing challenges, the insurance claims industry is increasingly seeking solutions that address these hurdles, while adhering to complex requirements from industry standards.
Discover the evolving landscape of insurance claims, the challenges it faces and the innovative solutions technology provides. Stay tuned for insights into the future, where CoreLogic Senior Principal of Industry Relations Brandon Burton unveils Mitigate, CoreLogic’s groundbreaking field documentation tool set to revolutionize data fidelity and reduce the time burden on technicians.
Find out more about CoreLogic's Mitigate product
In This Episode:
1:57 – How has technology altered the claims side of the insurance industry?
4:08 – Why hasn’t technology already solved existing challenges within the industry?
5:43 – What are some recent changes to industry standards and how have they specifically impacted the industry?
8:15 – How dramatically are labor shortages affecting the claims and restoration industries?
10:19 – Erika Stanley goes over the numbers in the housing market in The Sip.
11:56 – How can automation help alleviate the strain imposed by labor shortages?
13:03 – The American National Standards Institute maintains a list of industry standards; which standards are upcoming and which are up for revision?
14:53 – Erika Stanley talks about what is happening in the world of natural disasters.
16:36 – What is on the horizon for claims professionals?
18:49 – What is Mitigate, and why is it going to facilitate industry advancement?
Links:
Up Next: How Will Property Data Help Manage the California Insurance Crisis?
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