Real Time Availability of Data Across Policy and Claims
FNOL with Automatic Coverage Verification
The platform has an integrated insurance claims system to create and manage claims. A claim can have multiple claims features to manage multiple claims arising out of a single incident. Managing and reporting claims can be done at the Claim level or at the Feature level.
Automatic insurance coverage verification is done when a loss date is entered, both at the Claim level and at the Feature level.
The SimpleINSPIRE – Insurance Claims system has the ability to create letter templates to generate claims related correspondence providing operational efficiency.
Managing Claims Financial Transactions
The system has the ability to manage Loss Reserves & Payments, DCC Reserves & Payments, AO Reserves & Payments, and various Recoveries at the claim feature level. The system can do auto reserving based on client provided rules and algorithms.
The customer centric system comes with a payables function to approve and print loss and expense checks. User approval levels are configurable.
The system can make PII Compliant online Loss and Expense payments using a variety of payment options.
The SimpleINSPIRE – Insurance Claims system provides business process management support via its full suite of reports that track all aspects of claims and claims financial transactions.
SimpleSolve’s ecosystem approach offers our clients 70+ game changing Insurtech products and services that provide unmatched ability to gain market leadership through innovative products thereby creating sustainable value.
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