Embracing Mediation: A Game-Changer for the Insurance Industry
Unlocking Potential:
The Mediation Act, 2023 enables the insurance industry to enhance dispute resolution, cut costs, and boost efficiency.
Expert Network:
Create networks of legal, accounting, and engineering experts in major cities.
Fair Pay:
Implement fixed pay scales for mediation professionals, attracting top talent.
Tailored Processes:
Develop industry-specific mediation processes for more effective dispute resolution.
Swift Resolutions:
Follow the Act’s time limits for quicker dispute resolution, benefiting both insurers and policyholders.
Confidential Mediation:
Ensure confidentiality to protect sensitive information during the mediation process.
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