Monday, March 26, 2007

Reducing Soaring Insurance Claim Costs

With the soaring rise in claims to insurance companies from their customers, billions of lbs are being lost on a twenty-four hours to twenty-four hours footing throughout the industry in sees to personal property insurance. A new system in the United Kingdom supplies insurance companies with an easy and effectual method to reduce their personal property claims by over 80%. With fraudulent insurance claims costing the industry over £20 million a hebdomad alone, the nest egg created by affiliating and joining military units with companies like Privation it Bak are staggering.

As we all cognize here in the 21st century our lives have got go more than than and more reliant on on mobile items. As we travel through our days, keeping a mental log of everything we have got got and where we have it goes more than than and more difficult. It is inevitable that some things get lost. In fact as declared in a recent research “Around 62,000 mobile phones were left in London taxis during the last six months. That's an average three phones per taxi, according to a study of accredited London taxidrivers by the Taxi Newspaper and Pointsec Mobile River Technologies. Absent minded and drunken travellers also forgot 4,000 laptop computers and 5,000 PDA’s when exiting cabs”. If each point is claimed for at an average cost of £100 it will cost the industry over £7 million within 6 calendar months just for these three types of points in this 1 location. Extrapolate this cost Nationwide in the United Kingdom and the claim cost to the industry is staggering.

Lost and establish company, Desire it Bak boasting that they can give people an 80% opportunity of recovery of their lost items. This effectively intends an 80% driblet in claims for the insurance industry if their clients utilize this system. In the scenario given above over £5 million of the claims would not of had to be paid.

How makes Desire it Bak work? Simple. Customers purchase or have a range of security tags each with their ain alone Idaho number. They register them with Privation it Bak and that’s it. If they ever lose the point and person happens it they contact Desire it Bak directly using their website or their 0800 number and they arrange a messenger to pick it up and tax return it to the proprietor for a small admin charge.

The "Finders" themselves are offered a basic reward of £10 gift battalion of Privation it Bak Labels & £5 cash. Customers may also offer an optional CASH reward to Finders as a give thanks you to the individual for taking the clip to reach Desire it Bak. The system plays on the fact that most people are honest, and if they happen something and a method is offered to go back it to its owner, they will take it.

This sort of service is a great further type of insurance that the industry needs to consider. By tying in clients to systems such as as Privation it Bak it can assist itself reduce insurance premium costs, reduce fraudulent claims, reduce claims overall, supply inducements to attract more than than customers, better consumer image of company by offering complete protection and solution to mundane problem everyone faces.

www.wantitbak.com for more information


Comments: Post a Comment



<< Home

This page is powered by Blogger. Isn't yours?