Clear Technology and Norwich Union Insurance team up to tackle Third Party Claims.DENVER Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. -- Clear Technology, Ltd, a global software provider to the insurance industry, has been chosen as strategic supplier to Norwich Union Norwich Union is an insurance company in the UK. It is the biggest life-insurer in the UK, and has a strong position in motor insurance. It is part of the Aviva group, itself created by a merger of Norwich Union and CGU plc in 2000. Insurance, the UK's largest insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. . Under the terms of the agreement, Clear will help Norwich Union Insurance manage its third party claims across multiple key business areas. The relationship is expected to reduce Norwich Union Insurance's processing costs, improve processing capacity and enhance customer service levels. Already renowned for its use of technology, this latest initiative puts Norwich Union Insurance at the vanguard Vanguard Any of three unmanned U.S. experimental satellites. Vanguard I (1958), the second U.S. satellite placed in orbit around Earth (after Explorer 1), was a tiny 3.25-lb (1.47-kg) sphere with two radio transmitters. of claims management. Processing the steadily rising volume of third party claims efficiently is one of the biggest challenges facing providers with insurers paying out PS4.5 billion ($8.8 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) a year on Personal Injury compensation alone. "Norwich Union Insurance is dedicated to providing the very best in customer service and efficiency," said Dominic Clayden, director of technical claims, Norwich Union Insurance. "Clear offers us an effective work management proposition that means we can focus our attention on the things we do best; giving the right level of compensation to the right customers at all times. What this system gives us is an enterprise view of data, which is essential for improving efficiency. With Clear, Norwich Union Insurance has a real opportunity to monitor processing performance and to use this information to drive shorter, more effective procedures when handling Personal Injury related claims." On Norwich Union Insurance's selection of Clear, Graham Dawkes, managing director of Clear Technology commented, "This agreement is a testament to Clear's experience and expertise in the insurance industry, both nationally and internationally. We firmly believe that an organization's internal expertise holds the key to consistent and accurate claims management and our software solution enables companies to maximize their assets. Clear is committed to helping providers like Norwich Union Insurance to grow their business and exceed customer expectations." Clear has published a white paper discussing the issues surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. third party claims management, "A Fresh Approach to Controlling Third Party Claims". To receive a copy of the white paper visit www.cleartechnology.co.uk/exec_summary.php About Norwich Union Insurance Norwich Union Insurance is the UK's largest general insurer with a market share of around 15%, with a focus on insurance for individuals and small businesses. It is a leading provider of life, pensions and investment products and one of the largest Financial Adviser (FA) providers. FAs provide over 70% of the company's long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. savings business in the UK. Norwich Union Insurance's news releases and a selection of images are available from Aviva's internet press centre at www.aviva.com/media. About Clear Clear Technology, a global software provider to the insurance industry, offers software solutions that streamline employee tasks by automating repetitive manual activities and guiding employee decision-making decision-making, n the process of coming to a conclusion or making a judgment. decision-making, evidence-based, n a type of informal decision-making that combines clinical expertise, patient concerns, and evidence gathered from . The company's people-driven approach to software development transcends traditional solutions, enforcing consistency from employee to employee and office to office, leading to dramatic reductions in operating costs operating costs npl → gastos mpl operacionales and significant improvements in productivity for companies in the insurance industry. Clear Technology is based in Denver, Colorado, with sales offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe. For more information about Clear and its suite of innovative insurance software products, visit http://www.clear-technology.com. All parties are available for interview on request. |
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