ClaimVantage has been recognized as one of the world’s most innovative InsurTech companies by industry experts
Portland, ME, November 10, 2020 – ClaimVantage, an international provider of claims and absence management solutions for the life and health industry, is excited to announce that it has been named to the InsurTech100 in 2020, an annual list of the world’s 100 most innovative InsurTech companies published by FinTech Global. You can see the full list of companies here.
Despite a challenging year for many companies due to the pandemic, ClaimVantage has continued to deliver its industry-leading solutions to help companies digitally transform their businesses. ClaimVantage, which will surpass 100 global employees by year-end, is expected to onboard 30 new employees in 2020 alone. Founded in 2006, ClaimVantage has seen rapid growth in recent years, adding 80 employees since 2017.
Additionally, the honor comes during a milestone year for ClaimVantage, which is celebrating its 10-year anniversary of being in the cloud. The cloud-native solution built on the Salesforce platform has further expanded its presence across the globe in 2020, adding insurance companies from three different continents, while continuing to build meaningful partnerships within the industry.
“This recognition exemplifies the great work the entire ClaimVantage team has delivered, especially in 2020 while working remotely since March,” said ClaimVantage CEO Leo Corcoran said. “We continue to enhance our software solutions, bringing efficiency and innovation to our customer partners.”
FinTech Global said this year’s process to identify the InsurTech100 was more competitive than ever. A panel of analysts and industry experts voted from a list of over 1,200 companies produced by FinTech Global, and the finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the insurance value chain.
“Established insurance companies need to be aware of the latest innovation in the market in order to remain competitive in the market post Covid-19 which is heavily focused on digital distribution and increased use of customer data,” FinTech Global director Richard Sachar said. “The InsurTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as underwriting, pricing, IoT devices, customer experience, and data & analytics.”
ClaimVantage offers industry-leading life, health, and absence management software solutions for insurance carriers, Third-Party Administrators (TPAs), and large employers. ClaimVantage provides cloud-native, automated claims processing solutions that drive efficiency, accuracy, and productivity, helping its customers to deliver superior customer service.
With its North American headquarters in Portland, Maine, and European headquarters in Dublin, Ireland, ClaimVantage also has teams in EMEA and APAC.
For more information about ClaimVantage, visit claimvantage.com.