This paper examines the business model of an Italian company (TIS) that manage the claims for non-life insurance companies with innovative solutions. When a policy-holder make a claim for a loss or damage, the insurer may decide either to repair, rebuild or replace the property or to offer a cash settlement. To provide these services, many insurance companies have started developing strategic relationships directly with building firms, repairers, specialist suppliers and project managers, in order to find reliable contractors that will repair or replace the policy holder’s property quickly, with high quality and at a low cost. Opposite to other EU Countries, in Italy many insurance companies are still providing only cash settlement, with higher costs and a higher level of fraud illegal claims risk.

Gamba Valter, Venuti Francesco, Forliano Canio, Franco Mattia (2019). Direct Compensation and Risk Management: A Key Study from the Insurance Sector. In P. De Vincentis, F. Culasso, S.A. Cerrato (a cura di), The Future of Risk Management, Volume II. Perspectives on Financial and Corporate Strategies (pp. 321-342). Cham : Palgrave Macmillan [10.1007/978-3-030-16526-0_13].

Direct Compensation and Risk Management: A Key Study from the Insurance Sector

Forliano Canio;
2019-01-01

Abstract

This paper examines the business model of an Italian company (TIS) that manage the claims for non-life insurance companies with innovative solutions. When a policy-holder make a claim for a loss or damage, the insurer may decide either to repair, rebuild or replace the property or to offer a cash settlement. To provide these services, many insurance companies have started developing strategic relationships directly with building firms, repairers, specialist suppliers and project managers, in order to find reliable contractors that will repair or replace the policy holder’s property quickly, with high quality and at a low cost. Opposite to other EU Countries, in Italy many insurance companies are still providing only cash settlement, with higher costs and a higher level of fraud illegal claims risk.
Settore SECS-P/07 - Economia Aziendale
Gamba Valter, Venuti Francesco, Forliano Canio, Franco Mattia (2019). Direct Compensation and Risk Management: A Key Study from the Insurance Sector. In P. De Vincentis, F. Culasso, S.A. Cerrato (a cura di), The Future of Risk Management, Volume II. Perspectives on Financial and Corporate Strategies (pp. 321-342). Cham : Palgrave Macmillan [10.1007/978-3-030-16526-0_13].
File in questo prodotto:
File Dimensione Formato  
Chapter TIS.pdf

Solo gestori archvio

Descrizione: Contributo in volume
Tipologia: Pre-print
Dimensione 1.11 MB
Formato Adobe PDF
1.11 MB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10447/389219
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact