Managing indemnity spend on escape of water claims

Insurers are grappling with rising escape of water claims costs. One of the most common types of domestic property damage claims, insurers are paying out an estimated £2.5 million every day, according to the Association of British Insurers. While most claims are genuine, fraudulent claims in property are on the rise.

Technology can play a key role in providing insurers with better oversight of the claims process as they have all the information they need in one place, while also proving direct customer service, reducing claim lifecycles and leakage to lower costs.

Watch this webinar to find out how insurers can manage rising EoW claims costs and how implementing innovative technology can deliver a better service for both insurers and customers.