Damco Insurance Industry Offerings

Claims Processing Software

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InsureEdge Claims Processing automation module is a comprehensive, customer-centric insurance claims management software system offering end-to-end capabilities for complete claims control. It delivers measurable benefits to insurance organizations across a range of key business areas with its breadth of functionality.

Insurance claims processing software integrates with the Policy Administration and Reinsurance modules to provide the user with exact time coverage verification based on the reported date (or date of loss) and combines Client and Policy data directly into the Claim.

Key Capabilities

Multiple policy and coverage attachment points with multiple claimants
Catastrophe definition and management system
Claim reserves and payments for indemnities and expenses, tight claim settlement security and authorization-based processing automation
Full audit trail of the reserve history and Claim Payments
Effective and efficient processing capabilities for claims adjusters
Damages, perils, and cure / compensation alternatives
Subrogation/Salvation processing automation
First Notice of Loss (FNOL)/First Report of Injury (FROI)
Litigation Management system, Medical
Case Management system and Return to Work (RTW) Tracking
Detailed Reporting and Analytics

Key Benefits

Reduce claims management costs with better processing time
Reduced time to settle claims
End-to-end visibility of claims timeline
Shortened claims lifecycle
Lower claims leakage and better fraud management system
Improve underwriting quality and decision making

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