ediTRACK and CGI have joined forces to promote the ediTRACK Claims Fulfilment Solution to the insurance market. A cost effective pay-per-use, web-hosted application that manages; household, commercial property, private and commercial motor, public liability and personal injury lines of business.
The ediTRACK Claims Fulfilment Solution is the technology behind the highly regarded AXA 'Supplier Links' service used by numerous suppliers including; GAB Robins, Homeserve, Imperial, Chem-Dry, Cunningham Lindsey, Loss Management Group, Crawford & co, BeValued (Powerplay), Buckley Scott, HCML, VFM, Repairnet and Munters.
"The use of ediTRACK in property claims has realised more benefits than we initially thought possible. Claims notifications are being handled in a fraction of the time. Suppliers are making fewer calls into the office and quality scores have increased dramatically. All of this can only have had a positive impact on the customer experience".
Martin Ashfield, Head of Commercial Property Claims - AXA.
The growth of online services means that customers regularly swap and change their insurance providers. This has caused insurers to discount premiums heavily in order to win or retain business. There are also increased costs associated with settling claims which is having a major impact on insurer's profit margins.
The insurance industry is yet to take full advantage of online services to streamline the management of claims fulfilment. Most claims instructions are still issued to supplier partners via fax and email requiring re-keying of data, causing delays in claims handling and contributing to "friction costs". Claims operators have a limited view of a claim meaning they are unable to readily answer policy holder queries.
"Claims Fulfilment brings a completely new approach to communications between insurer and supplier, allowing an insurer to deliver a truly pro-active claims experience unparalleled in the market".
Manjit Rana - ediTRACK.
Many fulfilment organisations have stated ediTRACK's platform is the most advanced insurer solution they use. With ediTRACK Claims Fulfilment instructions can be passed electronically straight into the suppliers' internal systems without any data re-keying issues. Operators are able to notify policy holders of the supplier's case reference whilst still on the call with the claims handler.
"In these tough times, CGI has seen clients' priorities shift towards greater cost control. It is precisely this type of solution that is able to drive unnecessary cost out of the industry whilst continuing to improve service to customers."
Liz Latter, Director - Head of Insurance Practice, CGI.
About CGI
CGI are a leading IT and business process services provider who have approximately 25,500 professionals operating in 100+ offices worldwide.
Visit their company website for more infromation.