Claims. When an insured party incurs a loss, a claim is made to the insurer to cover the loss as stipulated in the insurance contract. For an insurance company, the settling of losses and adjusting differences between itself and the policyholder is known as claims management.
Benefits of Insurance & Claim Management Software
- Simple & Easy To Use.
- Process Accurate Data.
- Helps to reduce the overall cost.
- Ensures security to data.
- Capture First Notice of Loss.
- Standardize & Build the Claim File.
- Integrate with External systems.
- Detect fraudulent claims.
