Auto Insurance Ecosystems - The Claims View Part 2

Originally published at: Auto Insurance Ecosystems - The Claims View Part 2 - Daily Fintech

In auto insurance, processing a single claim event requires a multitude of smaller transactions that involve customers, lenders, collision repairers, auto manufacturers, parts suppliers, medical providers and others. These transactions hinge on an elaborate web of decisions and data, which ultimately shore up transaction costs while increasing the likelihood of fraud and claims leakage. In…