Insurance claims management software has taken insurance companies to the next level in terms of security, fraud detection, automated workflow, and customer relationship management. They’ve reduced the amount of fraud associated with insurance claims; Insurance claims management software has also helped evaluate and manage insurance claims.
Below is a highlight of the best Insurance Claims Management Software in the insurance industry:
Top 9 Best Insurance Claims Management Software
- FileHandler Enterprise-Best Insurance Claims Management Software for Claim Assessment
- Nowcerts-Best Insurance Claims Management Software for Security
- Guidewire-Best Insurance Claims Management Software for Business Analytics
- Jenesis Software-Best Insurance Claims Management Software for Automated Marketing
- HawkSoft-Best Insurance Claims Management Software for Property and Casualty Insurance
- Agency Access Pro-Best Insurance Claims Management Software for Cloud-Based Insurance
- Insly-Best Insurance Claims Management Software for Policy Administration
- FINEOS-Best Insurance Claims Management Software for Life Insurance
- NextAgency-Best Insurance Claims Management Software for Small Scale Insurance Agencies
1. FileHandler Enterprise-Best Insurance Claims Management Software for Claim Assessment
PRICING: Contact the sales team for more pricing details.
FileHandler Enterprise is easy-to-use claims management software that helps in optimizing work experience by analyzing claims and automatically detecting false claims through the use of business intelligence tools. FileHandler Enterprise is the go-to tool for Automated Workflow.
KEY FEATURES
- Claims Tracking
- Customer Management
- Electronic Claims
- Risk Assessment
REASONS TO BUY
- It has an intuitive interface.
- It provides very flexible options for customization.
- It easily adapts to organizational regulations.
- It provides automated features.
REASONS TO AVOID
- Advanced features require a learning curve.
2. NowCerts-Best Insurance Claims Management Software for Security
PRICING: It has a free trial; pricing starts at $79/month.
NowCerts is a cloud-based insurance claims management software that automatically checks for claim integrity and keeps track of forms, commissions, and emails that have been sent to clients. You can be sure that NowCerts is a very secure insurance management system.
KEY FEATURES
- Claims Management
- Commission Management
- Insurance Rating
- Property and casualties
REASONS TO BUY
- It provides detailed tutorial videos for users.
- It is very cost-effective.
- It is very functional.
- It has advanced reporting tools.
REASONS TO AVOID
- The setup process is relatively long and complicated.
3. Guidewire – Best Insurance Claims Management Software for Business Analytics
PRICING: Guidewire provides a flexible payment system.
Guidewire is insurance claims management software used by insurance companies for checking insurance claims and providing digital portals to users, GuideWire has an intuitive Policy Administration Process which streamlines the workflow of insurance agencies. With this software, you’ll benefit from a lot of advanced digital features for claim management.
KEY FEATURES
- Digital Portals
- Claims Management
- Billing and Invoicing
- Insurance Policy Management
REASONS TO BUY
- It provides excellent accounting tools.
- It has advanced reporting tools for business insights.
- It has a readily available customer support team.
- It is very easy to use.
REASONS TO AVOID
- Advanced features require a learning curve.
4. Jenesis Software-Best Insurance Claims Management Software for Automated Marketing
PRICING: Pricing starts from $35/month/user.
Jenesis is digital-based insurance claims management software used by the insurance industry and agencies to improve customer relationships by optimizing communication with the integration of email marketing systems and web-based forms, which allows insurance agencies to easily build rapport with clients. This insurance claims management software also offers excellent tools for automated marketing.
KEY FEATURES
- Agent Portal
- Claims Tracking
- Insurance Policy Management
- Contact Management
REASONS TO BUY
- It is very cost-effective
- It simplifies the customer form-filling process
- It has a great customer support service
- It is easy to use
REASONS TO AVOID
- The importation process is quite strenuous
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5. HawkSoft-Best Insurance Claims Management Software for Property and Casualty Insurance
PRICING: Contact the sales team for more pricing details.
HawkSoft is insurance claims management software that helps numerous companies to provide a more efficient insurance solution while optimizing employee time and workflow through limitless features and integrations with other business software. HawkSoft also has excellent customer feedback tools such as Insurance Rating. With HawkSoft, you can be assured of more business innovations and expansions.
KEY FEATURES
- Claims Management
- Insurance Policy Management
- Insurance Rating
- Property and casualties
REASONS TO BUY
- It is easy to use
- It is the perfect solution for growing insurance agencies
- It has numerous integration tools
- It has a nice drag and drops
REASONS TO AVOID
Reporting tools are relatively hard to use for beginners.
6. Agency Access Pro-Best Insurance Claims Management Software for Cloud-Based Insurance
PRICING: Pricing starts with a one-time payment fee of $595.
Agency Access Pro is an insurance management system that provides world-class solutions for insurance agencies such as business analytics, online forms, customer relationship management, and so many others through the use of a digital device. You will enjoy easy and speedy communication with your clients as well as better policy management using this software.
KEY FEATURES
- Forms
- Claims Management
- Contact Management
- Insurance Policy Management
REASONS TO BUY
- It has an intuitive interface.
- Excellent customization tools.
- Great customer response time.
REASONS TO AVOID
- The startup is quite expensive for small scale insurance agencies.
7. Insly-Best Insurance Claims Management Software for Policy Administration
PRICING: It has a free trial, pricing starts at $59/month.
Insly is an intuitive insurance claims management software designed by insurance tech gurus for easy policy administration and client tracking and billing. It offers lots of advanced tools such as cancellation tracking, commission management, reinstatement tracking, and more. This software will ensure accurate claim tracking and reduce the insurance policy administration process.
KEY FEATURES
- Cancellation Tracking
- Claims Tracking
- Insurance Policy Management
- Renewal Management
REASONS TO BUY
- It is easy to setup
- Easy access on mobile and desktop
- It is very cost-effective
- Easy Insertion of tariff tables
REASONS TO AVOID
- Customization options are quite rigid.
8. FINEOS – Best Insurance Claims Management Software for Life Insurance
PRICING: Contact the FINEOS Sales Team for more pricing details.
FINEOS Claims is cloud-based insurance claims management software for insurance agencies. FINEOS is cost-effective software that provides advanced claim and customer relationship management tools. It is especially suitable for medical health, life, and insurance agencies.
KEY FEATURES
- Billing and Invoicing
- Claims Management
- Customer Management
- Claims Tracking
REASONS TO BUY
- It has efficient organizational tools.
- It is easy to use.
- Excellent customer response service.
- It is suitable for small-scale insurance industries.
REASONS TO AVOID
- It provides relatively expensive subscription packages.
9. NextAgency – Best Insurance Claims Management Software for Small Scale Insurance Agencies
PRICING: It has a free trial, pricing starts at $75/user/month.
NextAgency is time-saving insurance claims management software that helps you to keep track of all the data within your agency and speeds up the marketing process with automated workflow. It also provides numerous integrations for easier claim management. This software is a great and effective solution for developing insurance agencies.
KEY FEATURES
- Commission Management
- Insurance Policy Management
- Life and Health
- Percentage Commissions
REASONS TO BUY
- It provides a nice integration of Commission Management.
- It provides excellent organizational tools for managing client data.
- It is easy to use.
- Advanced tools for customer relationship management
References and Links
- https://www.guidewire.com/
- https://www.nowcerts.com/
- http://agencyaccesspro.com/
- https://www.jenesissoftware.com/
- https://www.hawksoft.com/
- https://insly.com/en/
- https://www.fineos.com/
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