The claims module seamlessly integrates with the policy management system. All common information is transferred from policies to claims. Coverages are cross-checked to ensure their existence as of the date of loss. Claims are tracked by the Diary system from first notice of loss to final payment.
Reserve adjustments can be made as the new reserve or as the amount by which the reserve is to be changed. System automatically reduces the reserve by the amount of claim payments.
Claimant and Subclaim
Loss and fee reserving.
Single, bulk and re-occurring payments.
Salvage and subrogation.
IBNR claim tracking and development.
Claims history reporting.
Catastrophe claim reporting.
Multiple currency check issuance.
Claims paid by another insurer can be entered.
Enhanced user notification (diary) capabilities:
Prior history claims.
Recently opened claim on a renewed policy.
Reserving beyond limit of insurance on coverage.
Claims review date.
Enhancements that facilitate paperless claim processing :
Claim notes and memo.
Claims review section.
Claims statement & appraisal.
Schedule of loss.