Revolutionizing Motor Insurance Operations: Curacel's Collaboration with Universal Insurance Nigeria

Universal Insurance Nigeria, a leading auto insurer, partnered with Curacel to transform their vehicle underwriting, inspection, and claims management. Facing challenges like slow processing, inaccurate assessments, and customer dissatisfaction, they leveraged Curacel’s solutions to streamline operations, improve efficiency, and enhance customer service.

The Challenge

Before Curacel, Universal Insurance had been dealing with a rising number of fraudulent claims, alongside inefficiencies in their operations that slowed down the claims process. This resulted in increased financial losses, longer Turn-Around Times (TAT), and added pressure on the team, making it difficult to maintain smooth and efficient claims management.

The Solution

Facing the challenge of high inspection costs and slow processing times, Universal Insurance needed a way to optimize its operations. They partnered with Curacel, a trusted provider of AI-driven claims solutions, to tackle these issues. Curacel delivered a tailored automation system that reduced inspection costs and enabled faster underwriting and claims processing, allowing them to complete these tasks within a 24-hour window.

The Result

With Curacel’s AI-powered automation system, Universal Insurance was able to quickly address the rising fraudulent claims and operational inefficiencies. The team gained immediate access to streamlined claims processing, which drastically reduced inspection costs and Turn-Around Time (TAT). Tasks that previously took days or even weeks to complete were now processed within 24 hours, significantly boosting operational efficiency. This reduction in processing time not only improved customer satisfaction but also led to considerable cost savings, allowing the team to focus on more strategic initiatives.

Universal Insurance Nigeria partnered with Curacel to transform its motor insurance operations, addressing challenges in vehicle underwriting, inspections, and claims management. Leveraging Curacel’s AI-driven automation solutions, Universal Insurance significantly improved operational efficiency, reduced processing times by 50%, and enhanced customer satisfaction. This strategic collaboration positions Universal Insurance Nigeria as an innovative, customer-centric leader within Nigeria's insurance industry.

Industry
Insurance
Location
Lagos
Size
201-500

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Revolutionizing Motor Insurance Operations: Curacel's Collaboration with Universal Insurance Nigeria
Universal Insurance Nigeria, a leading auto insurer, partnered with Curacel to transform their vehicle underwriting, inspection, and claims management. Facing challenges like slow processing, inaccurate assessments, and customer dissatisfaction, they leveraged Curacel’s solutions to streamline operations, improve efficiency, and enhance customer service.
Company
Universal Insurance
Industry
Insurance
Location
Lagos
Size
201-500
11-50
Universal Insurance

Universal Insurance Nigeria partnered with Curacel to transform its motor insurance operations, addressing challenges in vehicle underwriting, inspections, and claims management. Leveraging Curacel’s AI-driven automation solutions, Universal Insurance significantly improved operational efficiency, reduced processing times by 50%, and enhanced customer satisfaction. This strategic collaboration positions Universal Insurance Nigeria as an innovative, customer-centric leader within Nigeria's insurance industry.

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