6533b827fe1ef96bd12866bb

RESEARCH PRODUCT

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

Mattia FrancoValter GambaCanio ForlianoFrancesco Venuti

subject

FinanceRisk Managementbusiness.industryCompensation (psychology)media_common.quotation_subjectinsurance sector.Direct CompensationComputingMilieux_LEGALASPECTSOFCOMPUTINGRisk Management Direct Compensation InsuranceBusiness modelcase studyInsuranceSettore SECS-P/07 - Economia AziendaleOrder (exchange)CashKey (cryptography)Quality (business)Settlement (trust)BusinessRisk managementmedia_common

description

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.

yearjournalcountryeditionlanguage
2019-01-01
http://hdl.handle.net/2318/1706062