Fast-Tracking Receivables

More efficient and effective billing and collections represent a major opportunity to increase investment income and one that is overlooked by many commercial property/casualty insurance companies. Top-performing organizations focus on getting money in the door faster. By accelerating the collection of premiums and non-premium revenue, such as service fees and loss-sensitive rating plan reimbursements, funds are available more quickly for investment, which in turn generates additional investment income. Simply put, the ability to increase operating earnings through better receivable-management practices is often the equivalent of writing several million dollars in profitable new business premiums.