25/09/24
Findings from the IBCCC’s 2023 Annual Data Report
We have synthesised notable findings, as well as recommendations, from the IBCCC’s report.
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Complying with changing regulations and reporting requirements as an AR is complex. Curium removes this uncertainty with the latest compliance frameworks, registers, automated reporting e.g. ASIC formats and updates.
Ensuring oversight adds significant manual effort and overhead. Curium’s workflow automation reduces the time and cost of compliance by up to 70%, allowing you to focus on growing your business.
Managing engagement with your underwriting partners can be highly inefficient. Curium brings better visibility through real time insights, collaboration and reporting e.g. 48 hour GICOP breaches, empowering your first line with the tools and training to raise your compliance culture.
Design of lodgement workflows materially impacts your entire claims lifecycle. Curium’s lodgement solution provides a framework of the best lodgement questions to reduce leakage, fraud and control for ex-gratia.
Unstructured data collection is a root cause for inefficient customer experiences. Curium’s lodgement data structures eliminate the need for initial clarification 98% of the time, identify recovery opportunities and help effectively triage claims.
Lodgement processes are inflexible and expensive to change today. Curium gives you full control with configurable questions and integrations that can be updated anytime you need.
Say no to expensive, static software and long implementation times. Curium enables you to configure and set up any product or workflow out-of-the box while keeping costs low.
Are you able to accurately measure the true cost of claim management? Without accurate data, likely not. Curium’s structured data and automation provides access to real-time data for every claim touchpoint.
70% of compliance breaches occur in claims! Curium provides real-time reporting on breaches, automated workflows and status updates that help you stay ahead of issues that impact your business.
Enabling compliance at the core of an award winning insurance for women, by women
“Curium’s platform streamlined the entire compliance process. Before, compliance felt like a mountain of paperwork. Now, everything is centralised and easy to track. Curium’s customer vulnerability training helped us see how robust compliance practices could be a differentiator for us”
Renee Cosgrove, ex. COO
Elevating the role of compliance for a fast growing embedded goods-in-transit insurance for the transport industry
“The benefit of working with Curium is that we have a compliance solution in one place with the frameworks and registers that are easy to use, embedded across our organisation so everyone can log, review and report as needed.”
Simon Schwartz – Co-founder and CEO
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