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A McKinsey study estimates that by 2030, insurance providers will be able to achieve straight through processing on claims at the rate of more than 90%, reducing the processing time from days to hours or minutes through data-driven approaches and tools.
But what are the tools you need to get your organization there?
Read on to learn why taking an analytical and data-driven approach is key for insurance providers who are looking to optimize the claim operations process and reduce intake time, decision time and overall claim duration.