Insurance&Tech_TLB_9.23.19

Claims Management

Available from BriteCore

The BriteCore Claims module combines claims administration and business process management (BPM) to support the end-to-end claims process. From open to close, agents and adjusters work collaboratively and efficiently within BriteCore to process FNOL, establish reserves, upload reports, issue payments, and settle claims.

- FIRST NOTICE OF LOSS: FNOL can be filed by an insured, agent, or adjuster through their respective portals. Claims can be filed against entire policies or specific coverages and are pre-populated with relevant policy and contact information.

- PROCESSING A CLAIM: From a single module, users can set reserves, issue payments, track losses, dictate notes, upload files or reports, and generate custom claim acknowledgment letters or subrogation documents.

-LOSS ACCOUNTING: BriteCore tracks and processes reserves and payments by individual coverage on each claim. Additional subdivisions for loss, adjusting expense, and legal expense provide a high level of data granularity.

- CLAIMS REPORTING: BriteCore’s claim data can be sliced or grouped by any segment to analyze risk exposure and evaluate historical performance.

- CLAIMS COMPONENTS: Carriers can customize claims components such as perils, peril groups, catastrophes, and reinsurance treaties.

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