Claims Management

Claims Management is a solution aimed at operators who are directly involved in claims processing. An insurance claim is a claim for compensation over a loss. Usually, the claim is initiated by the insured party. The insurer checks if the loss event falls under the policy scope and validates the claim and, once approved, issues payment to the insured, or to an approved interested party on behalf of the insured. Use the Claims Management solution to automate routines of this typical scenario, in order to increase the efficiency and accuracy of their claim processing operations.

The Claims Management is comprised of a series of automated business steps that users follow through, from registering loss notifications, documenting claims, validating claims to, if approved, scheduling payments, in a timely and accurate manner. It also allows the insurer to maintain a constant communication with the insured.

Find below release notes for Claims Management: