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Insurance Claims Management Software

Make data-driven decisions to improve claim outcomes

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Who is using Ventiv

  • County of Los Angeles
  • Indiana Public Employers Plan
  • Tribal First
  • Cox Enterprises
  • The Mosaic Company
  • Nestlé
  • State of Georgia
  • Takeda
  • Saint-Gobain
  • Henkel
  • Stagecoach
  • Travelopia
  • Textron
  • Uniting Church in Australia
  • Imperial Brands
  • Decathalon
  • Schlumberger
  • HPIC
  • K&S Freighters
  • Marriott

What they are saying about Ventiv

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Our claims numbers have increased as the company continues to expand. Claims costs can be significant. With Ventiv's software, we can keep a diligent eye over claims as losses develop. And now, for many claims we simply open an electronic file, which reduces paperwork and archiving.

K&S Freighters

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Transform your insurance claims information into actionable insight

Optimize your financial performance, streamline processes, and transform raw insurance claims data into actionable intelligence with Ventiv's insurance claims management software.

Reduce costs while enhancing data intake

Accelerate insurance claims reporting to lower costs while gathering better incident information.

Gain better insights into legal and claim administrators

Insurance claims management software that proactively manages your legal and service providers with greater insight into performance, expenses, and risk.

Get the big picture and take action early

Integrate multiple sources of data to predict how an insurance claim is likely to unfold. Identify claims that have the potential to “jump,” and take proactive steps to mitigate costs.

Understand and predict claim trends

Whether you self-administer insurance claims or use a third-party claims administrator, Ventiv's insurance claims management software helps you gain control over critical priorities: incident intake, claims consolidation and administration, supervision, and legal risk and litigation management.

Consolidating insurance claims info from multiple sources provides standardized data for better insight and understanding of the risk your organization faces.

Ventiv's insurance claims management software allows the tracking of all claim details, including description and causes of the loss, through to the financials. Define your claim types as well as payment buckets, transactional values, and claim payment details. In addition to commonly used claims management fields, client-specific custom data fields are available.

With more accurate, complete, and reliable data you can:

  • Monitor claim trends and identify key loss drivers
  • Establish the best split between retention and transfer of risk
  • Ascertain the optimal reserves and avoid under-reserving
  • Promote successful coverage outcomes, including prompt claim payments
  • Provide accurate loss history and loss triangles to your actuary for optimal risk placement

Improve incident reporting while reducing costs

Leveraging Ventiv's insurance claims management software's efficient incident intake process, you can quickly get your incidents and insurance claims notified, which is a key factor in reducing the closed lag time and overall claim costs. Quick reporting also allows for more accurate analysis of trends and root causes. Capture the information you need with dynamic questions sets to ensure maximum accuracy of the submission.

Since incidents are immediately available for investigation, administration, reporting and analytics, the insurance claims management software platform let's you can make corrective actions faster to prevent similar incidents and reduce costs.

Take your incident reporting up a notch while reducing costs

 

Maximize the impact of your legal and service provider

Ventiv's insurance claims management software creates a single system for analysis and risk reporting by linking litigation information with incident, claim, safety, policy, and exposure data. Gain an enterprise-wide view of critical legal data and improve high-level decision making.

With all your legal and litigation data in one platform, you can segment and evaluate information from virtually every angle. Now you are able to analyze information by business unit, product, exposure, law firm, or matter type.

Keep tabs on a range of key performance indicators regarding your legal resources, TPAs, and service providers to enhance your organization’s profile and drive down costs.

Identify “jumper” claims early and mitigate costs with preventive action

Jumper Claims“Jumper” or “sleeper” insurance claims account for 40% of the $60 billion paid each year for workers’ compensation benefits. With our insurance claims management software and predictive analytics, you can now integrate multiple sources of both internal and third-party data to predict how a claim is likely to unfold.

insurance claim management software, insurance claims management software

Make better, faster decisions that minimize risk and maximize its worth with advanced analytics

Gain a deeper understanding of insurance claims, predict outcomes, and take preventive action to optimize performance.

Ready to learn more?

Interested?

You have questions about our insurance claims management software...we have answers!

Let’s talk about how we can move your business forward.

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Download our Essential Guide to Claims Technology in a Changing Environment.

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With 500+ global customers and counting, Ventiv is one of the premier leaders in the risk management, insurance claims and advanced analytics space. Helping some of the biggest brands on the planet with products like our industry leading insurance claims management software.

Fill out the form, email us at contact@ventivtech.com or call one of our many worldwide office locations to get the conversation started today on moving your business forward.