Managing legal costs in claims - Data overload

Most insurers just don’t have the luxury of dedicating an entire project team to legal spend management, yet all insurers can benefit by streamlining their data collection to manage legal costs more efficiently.

This report provides advice to insurers on how to effectively manage legal costs in claims by leveraging quality data to achieve improve loss ratios and higher client satisfaction.

Topics covered:
• Criteria for assessing whether your law firm is providing value for money.
• Data is king but quality, not quantity.
• Requesting claims information relevant to your objectives.
• Negotiating with law firms.
• Reviewing your legal spend.
• Driving efficiencies through technology.