Many insurers have extended access to core claims systems to third parties via secure APIs to streamline processes, reduce paper usage, and move to a digital experience
Novarica Profiles 27 Vendor Solutions in Latest Market Navigator
Boston, MA (Jan. 5, 2021) – Customer and employee expectations have changed due to new technology and experiences with other industries. In response, insurers are deploying advanced capabilities to create an advantage in service excellence and drive down loss adjustment expenses and loss costs. In Property/Casualty Claims Systems, research and advisory firm Novarica provides an overview of the available claims systems for US property/casualty insurers, as well as detailed profiles of 27 vendor solutions.
“Insurers have a rich vendor market to select from as they consider claims solution providers,” said Deb Zawisza, Vice President of Research and Consulting and co-author of the report. “These projects are complex, but project methodologies and third-party services have improved, providing buyers a higher success rate for implementations than ever before.”
Each profile summarizes the vendor organization, technology used, differentiators, client base, lines of business supported, deployment options, implementation approaches, upgrades/enhancements, and key functionality. Vendors profiled include: Axiom, Beyontec, Brightwork, CodeObjects, DAIS, Duck Creek, DXC, Ebix, EIS, Five Sigma, Guidewire, Insuresoft, Insurity, JW Software, Majesco, Origami Risk, SAP SE, Sapiens, Snapsheet, Sunlight, TCS, Ventiv, and Verisk.
Click here for the table of contents or to access the report.
Report Summary
Insurers have extended access to core claims systems to third parties via secure APIs to streamline processes, reduce paper usage, and move to a digital experience. This report provides an overview of the available claims systems for US property/casualty insurers. The report contains profiles of 27 solutions that summarize the vendor organization, technology used, differentiators, client base, lines of business supported, deployment options, implementation approaches, upgrades/enhancements, and key functionality.
Vendors included: Axiom, Beyontec, Brightwork, CodeObjects, DAIS, Duck Creek, DXC, Ebix, EIS, Five Sigma, Guidewire, Insuresoft, Insurity, JW Software, Majesco, Origami Risk, SAP SE, Sapiens, Snapsheet, Sunlight, TCS, Ventiv, and Verisk.
Click here for the table of contents or to access the report.
About Novarica
Novarica helps more than 100 insurers make better decisions about technology projects and strategy. Its research covers trends, best practices, and vendors, leveraging relationships with more than 300 insurer CIO members of its Research Council. Its advisory services provide enterprise phone and email consultations on any topic for a fixed annual fee. Consulting services range from assessments and strategic roadmaps to vendor evaluations. For more information, visit www.novarica.com.
Source: Novarica
Tags: API, claims, core systems, customer experience (CX), Duck Creek, EIS Group, Guidewire, Majesco, Novarica, Property/Casualty (P&C) insurance, SAP, Sapiens, Snapsheet, United States (USA), Verisk
