Claims Leakage
Measurable overpayment on claims relative to the theoretically correct settlement, resulting from process failures, errors, or inadequate investigation.
FAQs
- What is the difference between claims leakage and insurance fraud?
- Fraud is an intentional act by a claimant or third party to obtain an undeserved payment. Leakage is overpayment caused by the carrier's own process failures — late referrals, missed investigations, poor reserving — on claims that may be entirely legitimate.
- How do carriers measure claims leakage?
- Leakage is measured through structured file audits where reviewers establish a benchmark 'should-pay' figure for each sampled claim and compare it to actual payments. The difference, aggregated and extrapolated, produces the leakage estimate.
- Can technology prevent leakage, or only measure it?
- Modern AI tools are applied preventively — scoring claims in real time, flagging anomalous settlements before authorization, alerting adjusters to missed subrogation opportunities, and recommending case management interventions. This shifts leakage management from reactive auditing to proactive prevention.
Related Terms
Case Reserving
The process of establishing a specific dollar reserve for an individual open claim, representing the estimated total cost to resolve that claim.
SIU Referral
The process of routing a suspicious claim to the Special Investigations Unit for investigation of potential fraud before settlement.
Litigation Management
The carrier's structured process for controlling legal defense costs, outcomes, and strategies on claims that have entered the court system.
Indemnity Expense Ratio
The ratio of claim indemnity payments to earned premium, measuring how much of each premium dollar is paid out as loss settlements.
