Mediation Act, 2023 and its Benefits for the Insurance Industry
Capacity Building:
Develop a nationwide pool of experts for insurance-specific dispute mediation.
Remuneration Scales:
Implement fair pay structures for mediators, surveyors, and legal professionals.
Industry-Specific Processes:
Establish tailored mediation processes to address insurance claims effectively.
Efficient Time Management:
Resolve disputes swiftly, aligning with the Act's strict time limits.
Confidentiality Assurance:
Ensure sensitive information remains secure during mediation processes.
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