10/11/22
Are you GICOP ready?
Practical tips for brokers on how to implement the new Broker Code of Practice.
We'd love to hear from you! Whether you have questions about our solutions, need support, or just want to learn more about how Curium can help your business, our team is here to assist you.
14/03/2023
Many Australian insurers and industry suppliers still use traditional channels for sending and receiving payments using BSB and account numbers, which can be complex. However, with the emergence of the new payments platform (NPP), customers are increasingly adopting PayID technology and expect their service providers to do the same. At Curium, we recognize that instant payment is the new standard. We collaborate with a leading Australian payments platform to seamlessly integrate claims payments and excess collections. This will reduce payment time from days to seconds and eliminate the risk associated with manual transactions.
Compliance is becoming increasingly challenging for everyone in the industry. Manual workarounds and adding more personnel to address the problem are no longer sufficient. We believe that automating compliance-related processes improves transparency, quantifies risk exposure, and eliminates material breaches. This applies to repetitive activities such as client communications, payments, and reporting. In recent months, Curium has assisted numerous businesses in gaining compliance risk transparency and automating tasks like insurer notifications and reporting.
Our customers have experienced claims inflation in General Insurance from 30% to 80% (e.g. building industry). While insurance premiums are rising, the industry aims to control the bottom line and minimize business costs. Curium focuses on developing efficient technology to help insurers manage costs and provide an affordable customer experience in claims.