Claims Leakage in Insurance Industry: Causes and Solutions

Author(s)	Rajesh Goyal
Country	United States
Abstract	Claims leakage refers to the loss of money or value during the insurance claims process, resulting in higher costs for insurers and inefficiencies in claims handling. This phenomenon can manifest in various forms, such as overpayments, fraudulent claims, administrative errors, or failure to recover subrogation claims. This paper explores the causes of claims leakage, its impact on the insurance industry, and provides solutions to reduce leakage and improve claims management processes. By identifying key factors contributing to leakage, insurers can implement strategies to enhance operational efficiency, reduce financial losses, and improve customer satisfaction.
Keywords	-
Published In	Volume 11, Issue 2, July-December 2020
Published On	2020-08-05
Cite This	Claims Leakage in Insurance Industry: Causes and Solutions - Rajesh Goyal - IJAIDR Volume 11, Issue 2, July-December 2020. DOI 10.5281/zenodo.14916741
DOI	https://doi.org/10.5281/zenodo.14916741
Short DOI	https://doi.org/g856mn

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