Insurance claim management software is designed to help insurance companies evaluate and manage insurance claims. It minimizes the risk of fraud while staying true to the principle of payments for those in need. What are the best claim management solutions out there and how can you get inspired for your product?
What exactly is insurance claims management?
The product in question should have a few functionalities that are necessary for insurance companies. Among them are:
storing information about claims in the database
allow users to submit claims
analyze data and historical patterns to highlight potential frauds
provide risk assessment functionalities through analysis of claim complexity
automate business processes – client onboarding, claims analysis, payments
medical evaluation
the revision process for annuities
appeals and complaints
court cases
recourses
reimbursements
integration with an accounting system
integration with the home-banking system
Comprehensive insurance claim management software is not an easy thing to develop. In fact, due to compliance and delicate matter, insurance software development is one of the toughest fields out there. That’s why you want to make sure the previously mentioned functionalities are identified and successfully implemented.
Claims management systems for insurance are about people, not data
Consumers use products, but in fact, trust the people behind them. That’s why it’s important to design claim management solutions in a way that enhances customer experience. Make claim uploading process seamless, analysis short, and decision making automated. Not with a human touch, though. It’s hard to automate and generate trust at the same time. That’s why we have made this list of insurance claim management software. Take a look at what’s already there and think about how your claim management solutions, implemented in your application, can help the market. You may also want to check our insurance compliance software list.
1
AIM
250+ Employees
Denver, United States
Est. 1969
AIM centralizes your underwriting, accounting, and claims operations in order to be a more efficient and profitable insurance business. Designed to manage the full policy lifecycle, AIM helps increase your speed to market, while ensuring accuracy throughout the entire process.
Applied Epic is the industrys most technologically advanced, flexible and secure cloud-based agency management system, providing powerful automation capabilities and a greater level of visibility across an entire book of business. The system offers a single, open application with integrated capabilities to efficiently manage customer relationships, policy and benefits administration, sales automation, and financial accounting processes.
LexisNexis C.L.U.E. Auto is a claim history information exchange containing up to seven years of personal automobile claims matching the search criteria submitted by the inquiring insurance company.
Please book a meeting so we can learn more about your needs and find the right approach.
6
ClaimCore
250+ Employees
San Francisco, United States
Est. 2008
ClaimCore is powered by the EIS Platform which comes with a full range of common business services and tools that increase business velocity in every phase of the claim cycle.
A solution to automate the claims journey, from omnichannel intimation of the first notice of loss to fraud detection and claims adjudication, and finally claims settlement. Aims to increase process efficiency and standardization by empowering users to perform manual tasks digitally and reduce human intervention. Offers flexibility of addressing various claim types, like death and maturity claims, differently, and aims to improve regulatory compliance and eliminate non-compliant penalties.
Please book a meeting so we can learn more about your needs and find the right approach.
11
ClaimVantage Claims Management
250+ Employees
Morristown, United States
Est. 1982
ClaimVantage offers industry-leading software for managing life, health, and absence claims efficiently and securely, helping you deliver superior customer service for a competitive edge.
Hosted on the Salesforce platform, our configurable and intuitive cloud-based software is developed and updated by industry experts. We provide regular enhancements to keep you on top of market changes and industry developments.
Our best-in-class solutions are fully integrated and can be accessed anytime, anywhere, helping you minimize fraud, streamline operations and improve productivity, while saving on implementation costs.
Please book a meeting so we can learn more about your needs and find the right approach.
16
Ebix WCIRS
250+ Employees
Johns Creek, United States
Est. 1976
WCIRS – Workers’ Compensation Injury Reporting Service is an internet-based solution that fulfills state regulations for workers’ compensation claims submissions.
Claim and repair AI workflow engine.
Gateway enables mobile self-service to policyholders and drivers and integrates with insurer, fleet owner, car manufacturer and repair shop processes to provide a real-time single source of truth. Artificial Intelligence at the core of Gateway drives the claim and repair workflows and notifies all parties involved of the changes and progression. It enables insurance companies to handle the entire claims process end-to-end via a simple online platform. Workshops can simplify calculation, ordering and billing processes that significantly reduce the administrative costs and times.
Please book a meeting so we can learn more about your needs and find the right approach.
21
Guidewire InsuranceNow
250+ Employees
San Mateo, United States
Est. 2001
InsuranceNow is a cloud-based, all-in-one solution that enables rapid implementation, quick upgrades, and freedom from the constraints that come with daily system maintenance.
IBM MobileFirst for iOS Insurance offers a set of solutions designed to help insurers exceed customer expectations, operate more efficiently and find a new competitive edge.
Please book a meeting so we can learn more about your needs and find the right approach.
26
InsureEdge
250+ Employees
Princeton, United States
Est. 1996
InsureEdge is an all-in-one insurance software that helps Insurers deliver a connected, relevant, and seamless experience to customers while empowering their employees, agents, and partners to do what they do best. It orchestrates a unified platform that eliminates the need for disparate IT systems generating operational efficiency, and cost savings. Leading insurance companies worldwide use InsureEdge across multiple lines of businesses, including P&C Insurance, Life Insurance, and General Insurance streamlining their policy management, claim management, document management, CRM and agency portal.
Insurity Claims Solutions is a complete claims lifecycle administration system for all standard Commercial & Personal Lines, Workers Comp, Specialty and Custom lines of business.
Majesco Claims for L&A and Group is a comprehensive claims management platform that delivers impressive results in some of the most demanding claims operations.
Majesco Claims handles all types of claims across all lines of P&C insurance, allowing carriers to consolidate their business environment and reduce costs.
Please book a meeting so we can learn more about your needs and find the right approach.
36
Origami Risk Insurance and Risk Management Solutions
250+ Employees
Chicago, United States
Est. 2009
Origami Risk is a highly configurable, integrated SaaS platform for insurance, risk, safety, and compliance management. Origami Risk provides organizations with a centralized system to automate critical workflows, collect data, leverage analytics, and engage with stakeholders. Origami’s P&C Insurance solution includes policy administration, rating, and billing; claims administration; loss control; analytics, dashboards, and reporting. Origami’s Risk Management solution unifies insurable and non-insurable risk data and automates risk, audit, compliance, health & safety processes, helping you achieve control, visibility, improved efficiency, and the power to proactively manage your complete risk environment. The most experienced service team in the industry ensures that client success is our central focus.
Passport Claims Defense is designed to enable smart and efficient procurement, management, and delivery of legal services for claims organizations to help insurers improve expense and loss ratios.
RiskEnvision is a modular suite of enterprise-level RMIS products that offers web-based risk management and claims administration solution. RiskEnvision can be deployed to support risk management and claims administration functions including payment processing, reserve management, form letters and correspondence, policy management, diary, reporting, and more for auto, GL, product, property, and worker compensation lines of insurance coverage.
Please book a meeting so we can learn more about your needs and find the right approach.
41
Robotic Process Automation for P&C insurance
250+ Employees
Morris Plains, United States
Est. 2001
Robotic Process Automation (RPA) is designed to enable insurers to direct more resources into key activities like enrolling more customers and adjudicating insurance claims.
Sapiens ClaimsPro for Property & Casualty (formerly StoneRiver Stream Claims) is a critical piece of the Sapiens CoreSuite for Property and Casualty (P&C). It is a fully integrated component that can also be deployed standalone. ClaimsPro streamlines end-to-end claims processing for all personal and commercial lines, preparing carriers to adapt to new business requirements. The solution provides full lifecycle support for handling claims for all personal and commercial lines of business, including workers’ compensation. ClaimsPro operates with configurable business rules and workflow.
Snapsheet is the pioneer in virtual appraisals and a leader in cloud-native claims management software, enabling the most innovative claims organizations to deliver the best experiences for customers. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched software and processes to improve customer experience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite and Appraisal Services offerings.
Snapsheet leads the industry in claims innovation including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 100 clients, including many of the largest insurance carriers, third-party administrators, MGAs, insurtech and sharing economy disruptors. For more information, visit snapsheetclaims.com.
Through the power of data, Solera revolutionized the insurance claims processing industry by bringing transparency, efficiency and connectivity to a once fragmented process.
V3 is a complete investment administration solution that helps organizations achieve administrative excellence, harness significant processing efficiencies and realize the potential of true business intelligence.
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