Role of Claims Management Software in a Pandemic - PowerPoint PPT Presentation

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Role of Claims Management Software in a Pandemic

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As the world succumbs to corona scare, insurers are facing challenges with accurate claim delivery. Here's how claims management software is a resolution to manage quality claims processing system. – PowerPoint PPT presentation

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Date added: 8 April 2020
Slides: 11
Provided by: suryachoudhary383

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Title: Role of Claims Management Software in a Pandemic


1
Role of Claims Management Software in a Pandemic
Image source simplilearn.com
2
  • Introduction
  • Benefits of Claim Management Software
  • Easy Management with Adequate Privacy
  • Uploading and Processing Claim Request
  • Impact on Insurers Financial Outlook
  • Conclusion

1
2
Table of Contents
3
3
Introduction
  • The insurance ecosystem is deeply affected by the
    pandemic of COVID-19 as more than the business
    continuity plans, it faces a challenge to timely
    process the increasing number of Claims for the
    population affected by Coronavirus.
  • Insurers partnering with InsurTech providers
    leverage Claims Management Software to process
    quality timely claims.

4
Claims Management Software
The crucial measure of social distancing is
implemented with automated claims management
software for insurers and agents to access their
documents to improve claims management.
5
Other functions of Claims Management Software are
Easy Management with Adequate Privacy
Impact on Insurers Financial Outlook
Uploading and Processing Claims Request
6
Easy Management with Adequate Privacy
Having adequacy in detecting fraud and executing
quality claims timely
Reserves the required threshold of privacy to
secure the confidentiality
7
Uploading and Processing Claims Request
Valid proofing of claims without the hustle of
traveling
Customers lodging all necessary documents on the
app
8
Impact on Insurers Financial Outlook
The claims management software provides insights
especially to the underwriters for the risk
analysis on further policies
Better decision making of the organization in
financial pressure due to an exponential increase
in the number of claims
9
Conclusion
The Insurance Industry has a crucial offering of
claims processing at this time and should be kept
working even remotely with all the due
precautions. This can be made possible only by a
reliable Claims Management Software which
smoothens the whole process of insurance by easy
handling solutions
10
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