Glossary

Claims Management

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Agile Development AIOps Analytics Platform API Integration API Management Application Modernization Artificial Intelligence Augmented Reality
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Banking as a Platform Banking as a Service Big Data Business Analytics
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Claim Automation Claims Management Clinical Research Clinical Software Cloud Advisory Cloud Deployment Cloud Infrastructure Cloud Migration Cloud Native Development Cloud Security Cloud Strategy Cloud-native Security Core Banking Corporate Banking Customer Data Platform (CDP) Customer Experience Customer Experience Journey Customer Experience Strategy Customer Intelligence CX Strategy Cyber Resilience Cybersecurity
D
Data Analytics Data Center Modernization Data Integration Data Lake Data Security Data Transformation Denial Management DevSecOps Digital Banking Digital Commerce Digital Engineering Digital Experience Platform Digital Front Door Digital Health Platform Digital Insurance Digital Lab Digital Mosaic Digital Payments Digital Platform Digital Transformation Digital Wealth Management
E
Edge Computing Enterprise Integration Enterprise Security Experience Transformation
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Healthcare Payor Healthcare Technology
I
Identity Access Management Intelligent Automation
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Legacy Application Modernization Life Sciences Technology Loan Origination
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Machine Learning Medical Devices Microservices Mobile Edge Cloud Monetizing 5G
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Network API Network Assurance Network Performance Network Transformation No-code/ Low code Application Development
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Process Mining and Process Excellence Product Engineering Product Sustenance Public Cloud
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Ransomware Retail Banking
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Software Application Development Software Development Software Engineering Software Modernization Software Product Development Software Product Modernization

What is Claims Management?

Claims management is one of an insurance company’s primary tasks. Leading insurance firms are constantly working to create solutions to optimize claims procedures to minimize any economic leakage.

Rapid technical breakthroughs and increasing data availability propel insurers toward a new era of claims management. Customer priorities are shifting, and they are looking for a more transparent claim management process. These new technological advancements provide unprecedented visibility into the claims process.

What are the business benefits of Claims Management?

  • An effective claims management system helps insurers to trace client journeys efficiently for early identification of mistakes and to reduce the risk of cash leakage due to fraud.

  • Improve customer loyalty through tech-driven claims management enabling customers to browse through options and file claims from anywhere, anytime, while reducing and improving efficiency through automation.

  • Automating some of the claims management processes can help considerably decrease a company’s operating costs.

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