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Claim Inventory Workout

Helping you streamline your claims process and maximize financial efficiency.

At Marsh, we understand the challenges that open claims and program collateral can pose to your organization's balance sheet. Unresolved claims, whether due to lack of closure strategies, complex settlement negotiations, or inexperience in settling large cases, can hinder your business's financial stability.

Our Claim Inventory Workout (CIW) process is designed to help address these challenges head-on. Our team -- the largest group of closing specialists across all 50 states, DC, and USL&H -- has diverse expertise in claims, medical, disability, and legal fields. We can help you reduce the backlog of open cases with the goal of minimizing liabilities and improve your balance sheet.

Our approach

We assign a dedicated project manager as your single point of contact, ensuring seamless coordination. We leverage advanced tools and resources to explore innovative settlement options and to maximize financial efficiency. Our collaboration with Oliver Wyman Actuarial allows us to quantify the savings achieved throughout the project, providing you with a clear understanding of the financial impact. Our Claim Inventory Workout process includes four phases:

  • Project forecasting and planning
  • Claim triage and resolution planning
  • Claim oversight
  • Project reporting and results

Partnering with Marsh for your claim inventory workout could bring significant benefits. Our CIW process has delivered a reduction of 45% to 75% in aged pending claims for some clients, freeing up valuable resources. Through our comprehensive approach, we have achieved savings of 10% to 25% for past clients on remaining reserves, contributing to improved financial stability. In some cases, as we have seen collateral requirements reduced by 10%-15%.

Take control of your claim inventory today and experience the benefits of working with the Marsh team. Contact us to learn more about our Claim Inventory Workout process and how it can benefit your organization.

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