Are you concerned about the cost leakage in your insurance business? You’re not alone.
Many insurers are looking for ways to minimise the money that leaks out of their claims yearly. Wilbur continues to develop solutions and tools that help you minimise these expenses and unwanted costs associated with claims.
What causes costs to leak in claims?
One of the most frustrating things about property insurance claims is that they can often cost more than expected. While it is understandable that insurers need to cover their expenses, there is a significant factor contributing to unexpected and leaked costs.
This factor is ongoing hiring. Ongoing hire has caused many insurers a lot of money. When repair jobs are delayed and unpredictable contractors are on the site, hiring for temp fencing, scaffolding, safety equipment and much more continues to raise the cost of the claim.
Insurers find ongoing hiring hard to manage accurately, especially if their supply chain is not up to standard and professionally managed.
How Wilbur minimises cost leakage with claims?
Wilbur minimises cost leakage at claim time through our vetted, high-performing, compliant network of on-site property mitigation and repair suppliers who use our proven workflow for the best results. We’ve done the hard work for you, so all you need to do is plug ‘n’ play to get started.
Wilbur was built through tested experiences and has had over $1.5 billion spent through the platform globally. So, we know what works and what doesn’t. In addition, Wilbur facilitates confidence through predictable results as our platform only presents trusted, high-performing, and qualified suppliers for any given assignment.
We manage our suppliers through:
- Minimum credentialing standards
- Performance monitoring with prescribed SLAs
- Workmanship warranty provided on contractor work
Get in touch with Wilbur today!
Click here to get in touch with one of our experts at Wilbur and discuss how we can help alleviate your supply chain issues.
Why not try it? It won’t cost you a thing!