Today, many insurance companies want to replace legacy systems with modern claim solutions. Berkshire Hathaway Homestate Companies (BHHC) did just that. They replaced two older claim systems with SIMS Claims, a digitally advanced and award-winning claims solution from Systema Software.
In...
Today, there has been a significant proliferation of digital devices and an unrelenting march toward digitization of traditional business processes. Insurance, which has historically lagged behind, is beginning to experience similar trends. However, according to a recent McKinsey & Company...
As insurance organizations embark on their mission critical journeys to update core legacy systems, they face an important decision: Should they use a single vendor with a consolidated suite? Or should they go with a best-of-breed strategy? Until recently, insurers found the decision between the...
Compliance with workers’ compensation regulations has become a huge headache for many insurance companies, employers, and claims administrators. Keeping up with mandates is complex, especially since the requirements constantly change. It demands extensive time from staff to understand the...
Today, with an increased volume of transactions and data to manage, insurance companies are looking to replace legacy systems with a modern platform that could truly impact costs, efficiency, and service. At the same time, they want to keep pace with emerging technologies, such as Power BI and...
Business Intelligence (BI) has the power to optimize claims in order to achieve greater efficiency, effectiveness, and consistency—as well as enhance customer service. This white paper defines key BI terms, examines various uses of BI tools, presents examples of organizations that have...
Challenge: An outdated claims system with poor technical support
Solution: SIMS Claims a next generation, web-based solution from Systema Software
Results:
Implementation was on time and under budget.
Modern, user-friendly design enabled greater efficiency and effectiveness of...
Today, many insurance companies are looking to replace outdated claims systems with newer, more modern technology.
Berkshire Hathaway Homestate Companies (BHHC), a group of six regional insurance carriers, did just that. They replaced two older claim systems—that required expensive workarounds...
American Claims Management (ACM) is a results-driven third party administrator. Since 1988, it has provided exceptional results – keeping allocated loss adjustment expenses low, helping clients save money, and providing aggressive fraud-fighting and recovery programs.
When ACM launched its...
Selecting a new claim system can be an intimidating task due to the risks involved in going with the wrong choice. The complexity of the evaluation process requires an understanding of technology, change management, licensing and support options among others.
I’ve worked for big 5 consulting,...
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