KUALA LUMPUR, Dec 20 Insurance providers in Malaysia are ready to help speed up the process for flood victims with flood insurance to claim payment for losses suffered, and also reminded others unaffected by floods to make sure their properties are insured against floods. In a joint statement.
Liberty Insurance Adopts Digital Technology For Claims Settlements
Liberty Insurance Adopts Digital Technology For Claims Settlements
Jan 25, 2021
Liberty Insurance is adopting digital technology initiatives in the settlement of insurance claims. Thus far policyholders of Liberty Insurance Private Car EZY Plus (comprehensive), House Owner, House Holder plans with flood cover are able to get their claims processed within two to three working days (down from about seven days previously).
Recently, Liberty Insurance policyholders in flood-hit areas had received claims amounting to RM270,887, with the aid of its proprietary Video Appraisal technology. This technology initiative has helped to cut the turnaround time for claims by half.