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Top 10 Claims Processing and Management Solution Providers - 2017

The landscape of claims processing is becoming increasingly competitive as various providers reveal innovative operating models and strategies. There has been a prompt growth in automated processes that provide end-to-end solutions for insurance claims, reducing the margin of error significantly. These solutions are flexible as they can integrate new requirements due to process or regulation change, without any hassle.

In addition to this, the widespread adoption of IoT and wearable devices are enabling companies to obtain real-time insight into risks. The vast amount of data generated is dealt with intelligent automation, which brings in AI and machine learning within the frame. Even fraud detection solutions have become far more sophisticated and efficient by utilizing data mining, predictive analysis, link analysis, rule based engines and social network behavior analysis.

In this scenario, it is imperative for all the stakeholders to understand the dynamics of the market and assess information on upcoming trends to plan and strategize.

With that in mind, Insurance CIO Outlook has charted out top 10 companies offering tailor made and efficient solutions for claims processing. The companies featured here offer powerful solutions coupled with innovative strategies that can help your business succeed.

We present to you “Top 10 Claims Processing and Management Solution Providers - 2017.”

Company Logo Company Name Company Description
Duck Creek Technologies Provides Claims Management Software to manage the entire claims lifecycle—from first notice of loss to settlement—as well as improve internal operations
EnableSoft Foxtrot is the fastest solution to unlock your speed of business through increased worker productivity, accuracy improvements, decreased costs, and more
FINEOS A global market leader for claims management within the life, accident, and health industry
Guidewire Delivers software that P&C insurers need to adapt and succeed in a time of rapid industry change
Insuresoft Develops enterprise level automation of policy administration, claims, and billing for property and casualty insurers
Marsh ClearSight Marsh ClearSight is the global leader in risk, safety, and claims software
Merimen Technologies Providing a collaborative information exchange platform for the insurance industry
Octo Global provider of telematics and data analytics solutions to streamline the entire crash-to-claim process for the auto insurance industry
SAP [NYSE:SAP] Improves customer interactions, streamlines core insurance operations, and simplify finance processes by connecting digital processes for all lines of business
Systema Software Provides browser-based solution utilizing modern technology to streamline claims administration processes