Carriers are under pressure to grow profitably which can be a challenge due to the high fixed operational costs associated with maintaining an in-house claims function. However, it is possible to redeploy your capital toward the expansion and growth of your business by streamlining your cost structure through a strategic partnership with Gallagher Bassett.
Our dedicated Carrier Practice is a cost-effective solution that can flex with the ebbs and flows of your business.
We deliver complete claims management solutions aligned to your specific goals for enhanced operational efficiency and focused scalability freeing up capital to fuel growth.
Why not tap into Gallagher Bassett’s specialized carrier expertise, talent pool, and performance tools to grow and expand in line with your strategic objectives.
Increase your profitability through the superior outcomes powered by Gallagher Bassett’s best-practice claims management and cost containment strategies, which will:
We understand that carriers are under pressure to grow profitably, continuously develop products, expand in markets, delight customers, and keep pace with technology. Explore our solution and services today.
In times of uncertainty, insurance carriers can remain resilient and continue to grow by stabilizing, reimaging, and transforming their operations.
Gallagher Bassett’s specialist carrier team shares its advice to meet and exceed the challenges and expectations of an evolving insurance industry. Explore five challenges and how to meet them head on.
Discover our tailored approach to meet the priorities of mutual and mid-market carriers.
Discover new opportunities to drive business productivity, growth and expansion.
In 2010, Gallagher Bassett (GB) was engaged by a publicly traded multinational carrier to provide claims administration support across their property and casualty lines of business. Over the next few years, our partnership grew to where GB was managing over 1,000 new claims a year.
As the enterprise faced challenges in writing more business in new jurisdictions, GB proved to be a reliable resource by serving as an extension of their brand. This
support enabled the enterprise to profitably grow by offering the flexibility of a variable expense claims strategy, versus committing precious capital to carrier-owned resources and the real estate required in these new markets.
A mutual carrier was leveraging various TPAs to handle claims outside of its core footprint in an effort to hasten profitable growth. The carrier was able to compete on a national scale by leveraging GB’s footprint, expertise, and technology. They streamlined oversight by using fewer TPAs and GBs RMIS to easily see and monitor results while being confident GB was delivering an excellent customer experience.
Read how collaborating as partners, claims volume handled by GB for this mutual carrier client increased from hundreds in a few states in one LOB to a national presence in both Workers’ Compensation and Commercial Automobile Liability. This partnership facilitated growth of a differentiated product in a competitive landscape.
Insurance carriers with open claims have been under pressure to improve their capital management and operational efficiency for years. This strain has prompted the strategic reviews of portfolios, particularly in situations where retaining discontinued or non-core business incurs a disproportionate amount of resources. Built on a foundation of claims and risk management excellence, Gallagher Bassett (GB) provides clients with the tailored solutions they need to resolve open claims.
In this situation, a global insurance entity and GB client needed assistance in improving the financial performance of a loss portfolio transfer and create a way to administer those claims efficiently and effectively. GB and the client partnered to develop a strategy rooted in best practices and our industry leading takeover claims management expertise to drive improved financial and operational results.
Now established as a market leader in the Federal Acts niche, GB continues to help clients grow their Federal Lines profit and portfolios by actively providing a dedicated talent pool of expertly trained claims professionals, suited for a tightly regulated and highly competitive market.
In this unique situation, we partnered with a carrier to fill a gap in coverage for international and federal workers while working abroad. Learn how GB’s Federal capabilities were critical to ensure a seamless and relevant approach enabling the carrier to satisfy policyholders and fuel growth.
CLM Magazine publishes Greg Peruzzi, SVP — Construction Vertical Management, discussing the importance of understanding the potential risks in data center construction projects and the effective mitigation strategies to implement.
Gary Leonard, SVP — General Liability Claims, speaks to Insurance Business about North Carolina’s move to ban TPLF and what this means for the market moving forward.
CLM Magazine features Gallagher Bassett’s Bernice Ofili, Branch Manager, Major Case Unit, and other insurance and legal professionals discussing the rapidly evolving intersection of artificial intelligence and electronic discovery.
Bill Bower, EVP — Practice Leader, Healthcare Vertical, discusses the side effects of GLP-1 weight management drugs and the associated risk management issues in a video interview with Business Insurance.
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