EIS Group, a leading provider of core software systems to insurers, today announced that the latest version of the ClaimCore® software system supports multiple lines of group and voluntary benefits insurance and enables those insurers to improve claims accuracy and efficiency, streamline payment processing, improve compliance and enhance fraud detection. The ClaimCore solution has been designed to be deployed as a standalone core system or as a key component of the company’s unified, yet modular EIS Core Insurance Suite™, providing benefits insurers with additional options for transforming their legacy core systems.
“Group and voluntary carriers are increasingly looking to invest in technology replacement plans to free them of their legacy system constraints. Rather than pursuing wholesale conversion of monolithic existing platforms, we see some carriers starting with underwriting, billing and claims as logical starting points on a measured multi-year journey,” said Rob McIsaac, SVP, Research and Consulting, at Novarica. “With the addition of ClaimCore for the benefits market, EIS Group expands the options available to carriers as they extend their transformation plans for dealing with legacy technology platforms and the associated processes that they support”.
The latest version of ClaimCore increases automation of critical claims tasks and leverages enhanced workflow, work queues, rules, notes and document generation and management capabilities to deliver automated and auditable claims processes for the benefits industry across multiple lines of business.
When ClaimCore is deployed as part of the EIS Suite™—comprised of PolicyCore®, BillingCore®, ClaimCore and CustomerCore™—eligibility and customer information are immediately available to claims operations without the integration burdens resulting from multiple vendor solutions. In addition, the common database and data model in the EIS Suite platform provides a single source of truth with data entered one time and leveraged throughout the entire customer lifecycle.
“The benefits claims functionality now available in ClaimCore allows our clients to manage and adjudicate claims in an efficient, accurate manner that increases satisfaction for customers and improves visibility and coordination for the carrier while delivering better claims outcomes,” said Jim Eva, EIS Group’s product executive for claims.
About EIS Group
EIS Group’s core insurance software empowers Property/Casualty and Group insurers to innovate freely with products, channels, and customer engagement. Digital-ready and customer-centered, EIS solutions support rating, underwriting, policy administration, claims, billing, distribution management and customer engagement, and are enabling insurers around the world to build uniquely faster, continuously better, and forever stronger insurance businesses. EIS Group has operations in North America, Latin America, Europe and Asia Pacific.
For more information, visit www.eisgroup.com and follow us on Twitter @EISGroupLtd.