Background
An insurance company was enjoying a profitable business. So, you might ask, "what was the problem?" The facilities for employees was absolutely maxed out. The pertinent question was how to increase productivity from existing employees and improve customer service. Secondly, to understand the reasons behind the average claim pay taking 28 days.
Objective
SGS partner was commissioned by the insurance company to analyze the following:
1. Existing workflows
and procedures
2. Current workload and its fluctuations
3. Organizational and management structures in the department
4. Design and install a management tracking system to monitor productivity
The company knew that, eventually, a new building was going to be mandatory.
However, the delay of the structure could prove to be beneficial for solid
fiduciary reasons. In addition, it was management's desire to pay claims rapidly
for public relations exposure in the market place.
Key Results
Commentary
Once the work force
was retrained, the company received many comments regarding their increased
professionalism from customers. The restructuring of management layers and
of work flows created a decrease in claims processing time from 28 days to
7.