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The ability to accelerate recoveries is a major factor for property and casualty insurance companies as they seek to enhance their financial performance. Because the third party deductible recovery process of identifying, billing and collecting cash due, can be so extensive, many commercial insurers prefer an outsourcing option.
By subcontracting with Paragon, one can accelerate recoveries, improve cash flow, reduce loss expense and recoverables aging, and create operational efficiencies that directly impact your organization’s bottom line. In addition, you benefit by achieving economies of scale and eliminating the internal costs associated with deductible processing and administration. As a result, you are assured of a seamless and non-intrusive recovery effort.
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