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Insurance & Claim Management System

 

Insurance claims management software helps insurers manage and evaluate insurance claims. They allow agents to manage the claims process with automated workflows, ensuring that all claim details are recorded within a centralized system. Claim details can include litigation, negotiation, settlement communications, relevant policy information, and claim assessments. Insurance claims management systems are commonly used by both independent and enterprise insurance agencies to support agents as they manage their clients’ claims. Insurance claims management products can help insurers reduce claims management costs, reduce fraudulent claims, and enhance customer experience. Insurance claims management products can be implemented either as a standalone solution or as part of an integrated insurance suite.


To qualify for inclusion in the Insurance Claims Management software category, a product must:


Support claims and settlement workflows


Provide risk assessment capabilities to identify claim complexity and likelihood of litigation


Analyze data to detect potential instances of fraudulent claims


Allow users to create claim reports