6 Top Insurance Claims Management Software Platforms 2024
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard
“Insurance Claims Ecosystem” covers the evolving landscape of insurance claims, focusing on how technology, data, and innovative practices shape the industry. This section explores the end-to-end process of claims management, from filing to settlement, highlighting digital tools such as AI, automation, and blockchain that streamline workflows, improve accuracy, and enhance customer experience. It also addresses the roles of insurers, third-party administrators, and service providers in delivering efficient claims services.
Topics include fraud prevention, data analytics, customer engagement, and regulatory compliance, providing insights into how the insurance industry adapts to changing demands and challenges. The category serves as a resource for professionals looking to stay informed on advancements and trends within the insurance claims space.
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard
US liability claims costs have risen by an annual average of 16% over the last five years, well above average rates of economic inflation at around 4%
A new SEC cyberattack reporting rule has left public companies and insurers exposed to potential regulatory probes and shareholder class actions
$950 mn in lightning-caused U.S. homeowners insurance claims were paid out to 62,000-plus policyholders, with $125 mn of the total
Swiss Re’s SONAR report reveals that the threats on the horizon develop as dynamically as the technological, geopolitical and social changes
Florida Hurricane Catastrophe Fund plays a vital role in Florida’s property-insurance system as it provides relatively low-cost reinsurance
The estimated insurance claims bill from the sequence of earthquakes that hit Turkey and Syria earlier in February appears to be growing
The P&C insurance claims landscape is becoming increasingly challenging due to unprecedented claims inflation. There are many underlying causes—among them
Fire and explosion incidents cause the most expensive insurance claims in the marine industry, exposures and inflation, cargo damage is the most frequent cause of loss
The digitisation of claims management is a fundamental aspect of a modern and robust insurance operating model – but many insurers are still limited to using legacy systems
The scale and frequency of cyber incidents led 2024 to be the year that cybersecurity issues entered the mainstream discussion
Insurers are quickly entering a new era of claims management—one supported by rapid technological advancements and growing data availability