Head of Claims, FINPRO, Asia
Experiencing any type of claim – whether resulting from a natural disaster, cyberattack, product recall, or injury – can quickly overwhelm even the most experienced risk manager or business leader in today’s complex environment. Proactively managing and resolving a claim is essential to recovering from a loss and improving bottom line.
Marsh Advisory’s Claims Solutions steps in to act with your team, enhancing specialization and increasing your capacity at a time of need. We proactively identify and advocate to improve claims outcomes, working closely with your business and carriers.
We collaborate with you to develop strategies that reduce claims exposure and improve the cost of risk transfer. Our technical specialists have deep industry knowledge and can service a range of risks and claims complexities.
Our end-to-end integrated approach across advocacy, claim preparation and handling accelerate claims resolution.
Working with Marsh Advisory’s Claims Solution team will help you:
A claims management service acts as a proactive advisor between your business, insurer, third-party claims administrator, and other stakeholders, overseeing the preparation, presentation, and negotiation of your claims through conclusion.
As claims grow increasingly complex, a service provider like Marsh can aid your business in creating a compelling claims presentation, advising you with respect to the resolution of claims, and avoiding any unnecessary costs. It can also improve the overall effectiveness of your claims program by identifying, analyzing, and improving your claims strategies, operations, and systems.
By working with a claims management service, your business can more effectively manage and resolve claims in a timely manner. Your business may also be able to minimize the potential for an unexpected incident to disrupt day-to-day business operations.
When a company experiences a worker injury, cyber incident, major interruption, or catastrophic event, proactively responding and resuming business-as-usual is essential to survival. However, managing claims internally can take a significant amount of time, especially if your organization doesn’t already have the existing infrastructure and resources in place to manage the process. In addition, the capital needed to handle a claim can significantly vary depending on the size, scope, and complexity of the incident.
Due to the volume of information and sensitive data surrounding claims, many organizations struggle to oversee the documentation process while also managing the claim itself. A claims preparation service will work with your business to reduce the administrative burden associated with documenting and presenting your claim, assisting with tasks such as compiling necessary information and documents, calculating the loss, and finding ways to expedite the claims resolution. As a result, your time and resources can be allocated to achieving optimal business outcomes rather than time-consuming administrative tasks.
If your business has recently experienced a loss and/or has grounds to file or defend a claim, you will want to consider working with a claims management service provider. A service provider such as Marsh can help you with claims related to:
Working with Marsh following any form of incident that results in a claim can help you return to standard operations more quickly.
Although the exact process of successfully resolving a claim will be highly dependent on the nature of the incident, typically, businesses will need to:
By working with a specialist in claims management, business leaders can maximize speed and recovery, while reducing both the cost of the claim and its potential impact on operations.
At Marsh, we understand the devastating consequences an unexpected incident can have on your people, operations, and business. We also understand the need for transparency, efficiency, and cost-effectiveness when it comes to resolving ongoing or outstanding workers’ compensation claims. Our global Claims Solutions team will work with you to navigate such disruptive events and can advise on how to resolve your claims more efficiently.
A consultant will work with you to identify areas of vulnerability across your organization, helping you prepare before and after a claim arises by:
By reviewing complex liability losses and auditing your current claims and risk management processes, a consultant can help you create effective communication pathways with insurers and reduce the impact of future business interruptions and losses by recommending risk mitigation plans, claims management protocols, and resolution strategies.
A claims advocate will help you improve claims outcomes with your insurers by working with you to:
Although some insurance claims can be prevented through a comprehensive risk management strategy, they still happen.
Our global Claims Solutions team will work with your business to simplify the process of filing, managing, and resolving your claims. By combining our market knowledge and data-driven approach, we'll develop a transparent resolution strategy to help you meet your claims challenges.
Head of Claims, FINPRO, Asia