Paying claims efficiently and in a prompt fashion is where the ‘rubber meets the road’ in the insurer/insured relationship. Today, insurers are relying increasingly on a mix of technology and human intervention to seamlessly speed up the claims management process from the first notice of loss (FNOL) to final settlement of the claim.
Aite-Novarica, a technology, advisory and consulting firm released its “2022 P&C Claims Management Systems Vendor Analysis Report”. The report offers P&C insurers an overview of the current vendor marketplace for stand-alone claims management solutions. It is designed to help you select potential claims management software providers based on vendor market position and solutions details.
Origami Risk is excited to announce that we moved from ‘New Entrant’ in 2021 to ‘Contender’ status in the 2022 report. We’re also thrilled to report that Aite-Novarica cited Origami’s completeness of vision, substantial customer experience, and increasing momentum in the claims administration marketplace.
The excerpt also talks about Origami’s extensive P&C insurance client base from its origins in the self-insured and risk-pooled space in 2009 to its recent rapid growth in the P&C claims market with the 2019 introduction of Origami Risk’s Claims Administration solution capabilities. The excerpt includes detailed information about Origami’s line-of-business support, customer-facing and back office features and functionality.
Here’s a summary of what differentiates Origami in the claims management solutions space. Origami Risk offers:
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A single, instance, multitenant SaaS platform ensuring all Origami clients are on the latest version of Origami’s Claims Administration Solution without needing insurer IT support. All updates and upgrades are automatically deployed by Origami to its clients
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Robust digital and analytics capabilities already being used by major carriers to manage existing books of business, supplying transparency to key stakeholders
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Built-in integration capabilities that efficiently manage new and existing systems and vendor platforms
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Compliance forms, resources and regulatory information for Workers’ compensation and other lines of business
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An Integrated data model across policy, billing, claims, risk management, and loss control provides full visibility into a client’s risk
Origami’s mission is to help P&C insurers adjudicate claims more efficiently and effectively. As the saying goes, that’s where the ‘rubber meets the road’ in the insurance business. As a SaaS platform, Origami makes it easier for your insureds and, if applicable, your independent agent channel, to do business with you. This in turn fosters collaboration, bringing your organization more customer satisfaction and retention while generating new revenue opportunities.
See for yourself how Origami Risk can help you. Contact us.