Captives expanding data and technology utilisation to handle and reduce claims

• Data and technology being utilised in claim mitigation
• TPA approach differs dependant on working directly with captives or a front
• Cyber and D&O require specialist claims expertise

Captives are enhancing their use of claims technology, often provided by expert claims companies, as a means of reducing the number and cost of claims, as well as increasing the speed of handling.

The approach to claims management can vary between captives with some preferring to handle the majority of claims in-house.