QBE signs up to the COA system
QBE and ISO have signed a five year contract after a 12 month evaluation period of the COA system, in addition to which QBE has signed up to the COA Bureau Service.
Utilising the software is expected to grant QBE substantial advantages, including a higher degree of settlement values consistency throughout the firm.
Underwriters and claims handlers will benefit from the superior information management delivered by the COA system.
The claims valuation range is specific to QBE having been built around the firm’s own claims settlement profile and thereby ensuring it complements the firm’s strategic claims management approach.
QBE European Operations claims director Andrew McBride has stated that following a full year of evaluation of the COA system it was found to contain significant benefits with savings forecast at millions per annum.
Category: Insurance News
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