Checkers & Trackers Consultancy Services Pvt Ltd

Checkers & Trackers Consultancy Services Pvt Ltd is an Indian startup that offers comprehensive loss management solutions for the general insurance industry. The company's vision is to address the existing gap in the insurance industry and the continuous need for physical verifications in corporate and government projects. Its objectives include providing end-to-end loss management consultancy to the health insurance industry, desktop analysis for various health insurance companies and government health projects, field verification services to the insurance and banking sectors, and training of trainers in health claim adjudication and investigation. The traditional approach to loss management in segregated departments has led to diluted focus and increased challenges for Indian insurance companies, resulting in increasing incurred claim ratio (ICR) above 100%. This has created opportunities for losses, fraud, and abuse within the industry, making the presence of external reviewers focused on loss management imperative. The involvement of regulatory bodies like IRDA and the National Health Agency demonstrates the growing concern for effective loss management programs. However, a universal standard process across India is still under evaluation. As of 2021, Checkers & Trackers is positioned to address these challenges with its ready modules, expert auditors, and an experienced project management team from diverse fields. With the industry's increasing emphasis on loss management, the company is poised to provide crucial services that align with the evolving regulatory landscape and the ongoing demand for field verifications by insurance companies.