Enabling Integrated Claims Management

Globalization has resulted in exponential growth for many successful enterprises both in financial and non-financial industries. In the majority of these, growth can be attributed to inorganic expansion through mergers and acquisitions (M&As). Specifically, in the insurance industry M&A activity has been on the rise since the early 1990s — especially in the UK, continental Europe and North America. The extent of exposure to risk has grown multifold with the growth in this industry. Recently, the industry has witnessed a government bailout for some carriers.