ABSs could drive down motor claims costs
Alternative Business Structures could be used by the sector to “revolutionise” motor claims processes, yielding savings for insurers, brokers and their customers, according to Tim Roberts, senior partner of Parabis and Eddie Longworth, managing director of Gemini Vehicles Solutions.
They believe insurers could exploit the opportunity offered by ABSs to combine legal and non-legal operations into single multi-disciplinary entities, to deliver comprehensive, streamlined claims
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