Insurance claims management is definitely one area in which servicers can benefit from the experience of the right third party partner. We wrote about this in a recent white paper we published where our compliance experts provided a complete rationale for this approach. There are simply too many compliance risks that servicers must overcome, causing company risk if they perform this work on their own.
In our paper, we covered claims for flood insurance, auto insurance and more. That paper is available now on our website. We welcome you to download it to find out more about why outsourcing insurance claims management can limit your compliance risk. After posting the paper, we received some excellent questions from readers. We addressed some of these questions in a recent post and will address the remainder of them here.