Alrasmayat provides a Claims administration solution for every class of industry, configurable at every level to exactly match the service and flexibility our clients want to offer.
Full claims handling can be set up via our Claim Administration Software which comprises the ability to record outgoings and recoveries from the customer, solicitors, third parties, suppliers and more. These entities can be easily set up in the Claims Set tool set for selection when the claim is logged through Transact or.
Reserves and projected recoveries can be set up through the toolset which can be defaulted to a set amount or dynamically linked to a financial sum insured field from the Line of Business shades. These are used when determining the payment and recovery of a claim input via manager. Claims screens can also be integrated into any User Line of Business set up via Screen builder.
Advantages of Claim Administration Software:
Other advantages of advanced integration include, access to real-time data and workflow optimization.
Real Time Information
Advanced integration compromises claim administrator’s access to real time evidence, allowing them to make informed decisions more swiftly. This access to real time information is also helpful when insurers offer portals for employers, administrators and employees to access claim information.
When insurers have access to a wealth of information, analytic capabilities are improved and hence, enable insurers to mechanize claim decisions based on historical data. This automation confirms administrators are focusing their consideration on high-risk claims. This workflow optimization enables insurers to increase claim-processing competence, and deliver a higher level of customer provision to policyholders.
Claim Administration Software helps insurers to make better-informed verdicts, deliver a better customer knowledge and increase claim-processing competence. This blog only provides an overview of three paybacks of advanced integration, while an improved technology solution with advanced integration will provide endless opportunities for insurers today, and in the future