New claims management software offers quick and easy case handling process

AquariumClaims has the case management software solution to the rising numbers of insurance claims due to natural disasters. Reports have said claims for damages incurred by natural catastrophes are rising at twice the rate of any other type of claim. California was recently ravaged by forest fires fed by wind storms. Around 14,000 insurance claims have already been filed. Insurers may have to pay up to $1.6 billion in claims. Making the case handling process faster and smarter is AquariumClaims software.

Insurance claims will continue to rise over the coming years due a repeatedly disruptive climate. The Insurance Information Institute said the fierce Santa Ana winds, which drove the blazes through the southern part of the state, caused sufficient damage. As many as 24 separate wildfires ravaged more than 500,000 acres, destroying 2,300 buildings and causing at least 12 deaths.

In the UK, the insurance industry received around £3 billion in claims as a result of the summer flooding in the north and south. Twenty years ago, ‘The Great Storm’ swept through the south of the country, killing 18 people and leaving insurers facing claims of more than £1.05 billion.

With these changes in weather patterns leading to greater numbers of insurance claims, fast and efficient handling of the claims is vital for the insurance industry. New and improved claims management software from AquariumClaims makes the process simpler, smarter and swifter for claims companies. AquariumClaims is a state-of-the-art claims management software solution specially designed for fast growth claims companies. Version 2.1 delivers even more benefits to the user, further speeding up the claims handling process.
“As the effects of climate change becomes more apparent, insurance claims as a result of natural disasters are continuing to rise. Under these circumstances, the task of handling claims is becoming tougher for the insurance industry. There are a greater number of cases to handle, but at the same time claims companies have to work faster and more efficiently. This is where AquariumClaims delivers. The new easy-to-use features in Version 2.1 make it an even better product, delivering greater simplicity and reliability to the claims handling process,” said Aquarium’s product marketing director Mark Colonnese.

Claims software from Aquarium has been designed specially for claims handling businesses. It is quick to set up and is available at a comparatively lower cost. It uses the latest web-based technology giving users a powerful solution at a cost that traditional software providers cannot match.

Aquarium has set up a “60 second” online test which allows claims companies to compare their current processes with state-of-the-art claims processing using AquariumClaims. The test is free and confidential, and the results are emailed back immediately to the user. Interested claims managers can take the AquariumClaims online test at www.aquariumclaims.com.

For further information contact Aquarium Software, free of charge, on 0800 781 7570 or visit www.aquariumclaims.com

Notes to editors
Traditional software is installed locally on the user’s own server, so requires the user’s IT staff to install and update the software. By using a Software as a Service (SaaS) model, Aquarium does away with this, taking care of installation, maintenance and upgrading of the software as well as secure data storage. The company has also revised its pricing model so, instead of the traditional upfront license costs, ongoing maintenance charges and heavy consultancy set-up fees, Aquarium can offer users faster start-up and much more flexible pay-as-you-go pricing, if they want.

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Ref: ECA017 – Fire claims