Overall Handy Tips to Execute Claims Prevention in the Insurance Industry
Updated: Jan 25
As the director of business development at BETA Abstract, LLC, in Oceanside, attorney Marc Rovner manages and integrates business development activities for the title insurance company in five offices. He has also served as general counsel at the firm since 1998. An attorney from East Rockaway in New York, Marc Rovner has been recognized for his accomplishments in the area of claims prevention.
Claims prevention hinges on the identification of potential claims situations and subsequently preventing them. The practice optimizes operating costs and reduces critical losses; below are some pointers to robust claims prevention execution.
Having a Distinct Management System: It is important to understand the dynamics of an organization's workforce. Identifying the management cycle from planning through supervision and review enables higher visibility for likely claims events.
Running Consistent Risk Evaluations: A combination of scientific and statistical approaches could help determine vulnerable spots. The organization can research the possible risk factors and document its findings to draw up actionable plans. Regular reviews would highlight progress and make provisions for changes in operations.