Use Case

Setting Reserves

Take the time and energy away from analyzing and setting initial reserves and allow automation to determine the appropriate reserve based on the facts of loss.

 

The Challenge

Oftentimes more effort goes into setting appropriate initial reserves than there needs to be. One cannot truly know the appropriate reserves until all the facts are known and, in some cases, until an estimate has been received.

The Solution

STREAMLINE removes the steps it takes to analyze the initial facts and sets an opening reserve based on estimated vehicle or property damage at FNOL through inputs within the core claims system using business rules that fall within the insurer’s guidelines.

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