The goldrush of coronavirus-linked business interruption (BI) claims has swelled since the publication of the Supreme Court’s appeals judgment in January, leaving loss adjusters and assessors frantically treading water amid escalating claims volumes. 

".....Sedgwick, has also observed this trend.

“Since March last year, we have been involved in handling, or [are] expecting now to handle, circa 16,000 claims,” he said.

“We’ve started to receive new claims for those policyholders who are now able to submit claims as well as progressing the existing claims that were held pending the Supreme Court judgment.”

Katie Scott Insurance Times Ferb 22 2021

If you are worried about having to handle a surge in ‘resurrected’ BI claims there is a proven solution. Two of the insurers in the original FCA BI Test Case turned to 360Globalnetto deliver BI Digital Claims Management.

This was made easier by virtue of the No-Code architecture of the digital claims platform 360SiteView. New claims journeys, workflow and process can be customised in an amazingly short time for any kind of claims from A&D to Warranty; Commercial or Personal Lines. Australia to the USA. 

And a business and licensing model that will embarrass traditional core system vendors. 

Want to find out more> Contact Mike.Daly@360Globalnet for practical solutions