Damco Group

Our Service Offerings

Damco’s insurance business process automation services provide highly strategic solutions that will assist you in streamlining processes, increasing customer loyalty, reducing claims operational costs, increasing savings, and ultimately creating an efficient and competitive company. With efficient business process management, insurance companies can spend less on processes and focus on essential functions.

Business Process Automation

  • Analytical insights to improve decision-making and revenue growth.
  • Producer management commission processing along with Management and Statutory Reporting.
  • Claims Management support at the time of catastrophe and underwriting support powered by Analytics.

Regulatory Compliance Management

  • Assist Insurers with the assessment, design, and enhancement of compliance programs.
  • Policy and procedure design and development along with various compliance assessments.
  • Continuous verification of regulatory requirements to ensure proper compliance.

Claims Transformation

  • Predictive analytics offerings to check and prevent fraudulent insurance claims.
  • Manage Claim Leakage via a robust insurance business process management framework.
  • Claims Transformation improves productivity and reduces processing time by 20%.

Exception Management

  • Implementing Exception Management as a part of Secure Development Framework.
  • Develop supporting policies which formally document how to handle exceptions while doing transactions.
  • Designated process workflows to handle exceptions automatically and escalate based on rules.

Underwriting Process Optimization

  • Optimize online Policy Issuance Work-Flow and help create highly Configurable UW Rules.
  • Introduce Flexible Rating Engine to cut go-to-market time along with Reflexive Questionnaire.
  • Utilize the power and potential of Predictive Analytics for Customer Risk Scoring.

Real-Time Transaction Trends

  • Shorten the transaction cycle for enhancing the customer satisfaction and boosting revenue.
  • Reduce transaction costs, and increase revenue by monitoring and analyzing new initiatives.
  • Applying intelligence to the underwriting and approval process to save man cost.

Resources

Claims Process Automation with AI

Insurance Claims Process Automation with an AI-Enabled EcosystemSmarter Claims Management from FNOL to Recovery Watch Now

A Definitive Guide To Insurance CRM Software

A Definitive Guide To Insurance CRM SoftwareDownload

Blogs & Insights

Our Clients

trinre logo
fdic logo
Caribbean Assurance Brokers Limited
mmm logo
sagicor logo
uaic logo
insurance logo

Our Differentiators

insurance software

Dedicated Practice to deliver services and solutions for Insurance businesses.

insurance agency software

1100+ person-years of experience in delivering Insurance technology services.

insurance software solutions

100+ Insurance projects delivered globally, 60+ Insurance Customers.

insurance management software

30+ installations of InsureEdge – a complete technology platform.

insurance agency management software

Strong experience in multiple lines of business covering Life, Health & General Insurance.

independent insurance agency software

Strong technology expertise in Microsoft, Open Source, Oracle, Salesforce, IBM, Cloud & Mobility.

insurance software

Capabilities in cutting-edge technologies – IoT, AI, Machine Learning.

insurance software companies

Global Presence with resource availability in USA, UK, Luxembourg, Australia & Caribbean islands.

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