2014 is predicted to be the year of technology investment for insurers
Portland, ME, February 18, 2014 – ClaimVantage, an international provider of automated Absence, Disability and life claims processing software, will be exhibiting their claims management software at the Eastern Claims Conference (ECC) being held at the Waldorf Astoria, New York from February 23-25, 2014.
The ECC is dedicated to educating professionals in the Life, Accident, Health and Disability claims market. The focus of this conference is to keep up to date with the latest industry trends, and to provide networking opportunities for attendees.
According to Deloitte’s white paper “2014 Life insurance and Annuity Industry Outlook Transforming for Growth”, the improving economic environment has presented carriers with an opportunity to invest in technology projects to meet the changing demands and expectations of customers.
With the technological world we live in, consumers expect more personalized offerings. Investments in technology and analytics can provide insurance carriers with more data to offer more personalized advice and offerings to consumers. Although investment in SMAC (social, mobility, analytics and cloud) will continue to gain traction in 2014, Insurance and Technology predicts these tools won’t become mainstream for another few years.
ClaimVantage has built its claim processing software on the Force.com platform to allow insurance carriers the opportunity to avail of cloud-based software. There are many benefits associated with cloud technology including: lower costs, less responsibility for software upgrades internally, allowing your IT staff time to invest in other projects, less implementation time, and anywhere access via an internet connection.
To learn more about how this cloud-based claims processing technology can benefit your business, be sure to drop by the booth at the upcoming event. In the meantime visit ClaimVantage.com to learn more.
ClaimVantage provides Absence, Disability and Life insurance claim management software products and services to its customers. Efforts are focused on providing efficient, accurate, and productive claims processing solutions to a wide-range of Insurance Companies, Third Party Administrators (TPA’s), and self-insured employers.