Introduction
In the modern world of insurance, Insurance Coverage is a critical aspect of risk management for individuals and businesses alike. With the increasing complexity of insurance policies and the growing number of claims, it is essential for insurance companies to have a robust system in place to monitor and alert them to potential issues. In this blog post, we will explore the power of monitoring and alerting in insurance coverage and how it can benefit both insurance companies and policyholders.
According to a recent study, 71% of insurance companies reported an increase in claims over the past year, with an average increase of 15% (1). This highlights the need for effective monitoring and alerting systems to manage claims and minimize losses. In this post, we will discuss the importance of monitoring and alerting in insurance coverage, including its