Enabling highly informed underwriting and risk management
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Addressing Rising Risks
Insurance companies today are faced with the rising risk profile of members and the increasing cost of hospitalization and care. This directly affects the claim ratio and profitability of insurance providers. The underlying reasons for this are:
Opportunities to Address Risk
Technology advancements and the pervasive use of mobile technology have opened up new opportunities to manage and contain risk. The approach to addressing risk with technology involves:
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The approach outlined above leads to:
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