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 Management” focuses on the process insurers follow to assess, validate, and settle claims efficiently. This category covers strategies, technologies, and best practices aimed at streamlining claims handling, reducing costs, and improving customer satisfaction. It explores automation tools, data analytics, and AI-driven solutions that help insurers detect fraud, enhance decision-making, and expedite settlements.
The category delves into regulatory compliance, risk management, and the role of claims adjusters in ensuring accurate assessments. Readers gain insights into how effective claims management not only minimizes financial losses but also fosters trust and long-term relationships with policyholders, driving overall business performance in the insurance sector.
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard
The cancellation of major tour events, like concerts, poses significant financial risks for insurance industry. This impact is especially evident with high-profile artists
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
Analytics forecast 2.2% global real GDP growth in 2024, rebounding to 2.7% in 2025, driven by lower inflation and interest rates
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