By adopting salvage management, following benefits would accrue to the Insurers to start with:
a. Maximizing realization from sale of salvage over a period of time leads to much needed ‘lower claim ratio’ for the Insurers;
b. Shorter Claims Turn Around Time (TAT);
c. Complete salvage management solution saves time and manpower of Insurers, which can be invested in developing some more innovative ideas for claims handling and management;
d. Insurers are able to have complete control over the salvage settlement/disposal activity with our transparent salvage management system.