Many companies measure the average injury rates, but wish to be able to affect them proactively. The question is, whether damage repairs can be delivered at a better price. We believe that, in many cases, they can. Read how below:
The necessary background information to negotiate
It is important to know the calculations through and through when you, as an appraiser, are approving a craftman’s estimate. When the appraiser hasn’t calculated the price quote personally, it becomes difficult to tell whether the price is too high and whether everything is included in the cost estimate. This makes it close to impossible to negotiate a price.
In one real world example, an appraiser was able to negotiate the price down by 14,000 USD (10,000 EUR), because he used Sigma!
Insurance companies spend millions on property damages every year. There is a lot to be saved if you can ensure that only the necessary sums are paid. It makes sense to equip your appraisers with better bargaining power through Sigma.
Share knowledge with colleagues
A widespread problem within the insurance sector is that appraisers each have their own calculation methods, and often no method at all! A shared calculation tool such as Sigma makes it possible to collect all data from the firm’s appraisers. This data contains key information necessary for negotiating prices.
Are you missing the tools for developing statistics?
It can be interesting as well as beneficial for insurance companies to know how much plasterboard, sewer pipes, or how many carpenter hours are used for damage repairs each year.
The key to better prices is taking control of the process, this includes estimates of the size of damages. Sigma helps you with these dificulties, and so much more.
