LexisNexis Claims Compass Reviews

Oracle's Digital Insurance Platform empowers insurers to deliver innovative solutions, and create exceptional digital customer experiences. This comprehensive insurance system streamlines operations, from sales channels to the back-office. It allows for rapid deployment of new products and seamless implementation of required changes. Real-time analytics provide insurers with valuable insights, allowing them to make informed decisions. The platform is designed to support both individual and group annuity and life insurance. It consolidates underwriting, policy processing and billing into a single system. Health insurers can benefit from simplified enrollments and premium billing. They also get to adjudicate claims more efficiently. This increases member satisfaction by providing transparent and personalized service. The platform also accelerates the lifecycle of bancassurance by ensuring real-time connectivity between insurers and banks, ensuring speed and consistency.

Duck Creek Claims, a comprehensive solution for claims management, is designed to streamline the claims lifecycle. It automates workflows and simplifies data analysis with integrated analytics. It also ensures seamless integration of existing systems. The key features include dynamic first-notice-of-loss (FNOL) capabilities. They also include automated assignment based upon adjuster skills and workload. Instant access to policy and coverage information is also available. Duck Creek Claims improves operational efficiency by reducing manual workloads. This leads to faster claims resolutions, improved customer satisfaction and compliance with latest regulations.