Legacy claims management comes with its own set of unique challenges that can hinder carrier growth and drain valuable resources. Gallagher Bassett’s Legacy Practice Group offers a specialized solution designed to help carriers overcome these hurdles and efficiently handle claims associated with discontinued programs.
For legacy claims, reducing costs and expediting outcomes is the key to unlocking operational efficiency and profitable growth. Yet, in an industry where claims talent is scarce and retention is challenging, swiftly processing complex, old, or underperforming claims portfolios is not easily achieved.
Gallagher Bassett’s Legacy Practice Group, composed of dedicated claims resolution experts, stands ready to tackle burdensome older claims from discontinued programs, allowing your talent to instead work on live programs that will drive your business forward. Through cutting-edge claims technology and a laser focus on superior outcomes, we spearhead strategic solutions for legacy portfolios. This approach provides carriers with:
Our dedicated Legacy Practice Group is entirely focused on addressing the unique needs of the legacy claims sector. We don’t just manage claims; we drive results.
Our success stories and measurable achievements demonstrate the positive impact we bring to carriers.
Speak to one of Gallagher Bassett’s Legacy Practice experts to learn more about how you can overcome legacy barriers and unlock long-term success.
Gallagher Bassett has handled a variety of legacy claims, this allows our partners and their staff to focus on current and future customers, while GB focuses on prior customers. Legacy reserve management is a solution for carriers and companies of all sizes.
Step outside the boundaries of traditional claim inquiry and transactional reporting. Learn how to successfully manage all of the applicable risk data and program-specific factors that impact your TCOR with our Luminos hybrid RMIS solution.
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A start-up MGA and its carrier partner engaged Gallagher Bassett to initiate and manage the launch of its newest program. After two successful years, the start-up elected to harness their learnings and manage their own in-house team. GB was eventually reengaged to enhance performance and integrate additional improvements for continued growth including exposure-based staffing, policy level data transmission and enhanced compliance with Carrier Practice standards.
The Vermont Captive Insurance Association (VCIA) held its annual conference on August 7–10 , and our Gallagher Bassett experts took full advantage of the ample networking and educational panels while discussing opportunities to collaborate and prosper in the program business space.
As mutuals step into the landscape of 2024, leading with robust, creative, and strategic planning for long-term success is paramount. The NAMIC 2022 Mutual Factor Report recently highlighted the impressive growth of the mutual insurance industry, setting the stage for mutual carriers to seize opportunities and overcome challenges in the year ahead. In this article, we explore three strategic pillars that will empower mutual carriers to navigate the remainder of the year and set the foundations for growth in 2024.
Get an exclusive look into the insurance industry’s biggest challenges as Jon Stambaugh, SVP – Carrier Practice, shares upcoming opportunities for carriers moving into the final months of 2023. He also reveals key focus areas for carriers aiming to thrive, reaffirms the attention on the global talent crunch, and spotlights key considerations when seeking strategic partnership opportunities.
In the ever-evolving insurance industry, the management of complex claims requires a delicate balance between technology and human input. While automation and digital tools have streamlined processes, human connection, and oversight remain indispensable. Joe Berrios, Managing Director – Carrier Practice, delves into advice for striking the right balance between technical and human interaction when managing complex claims.
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