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Insurance Claims Management System

Make data-driven decisions to improve insurance claim outcomes with a proven insurance claims management system

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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 truly actionable intelligence.

Lower costs while improving data intake

Expedite insurance claims reporting to reduce costs while gathering better incident information.

Get greater insights into legal and claim administrators

Proactively manage your legal and service providers with greater insight into expenses, performance and risk.

See the big picture and take action early

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

Understand and predict unfolding claim trends

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

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

With Ventiv's insurance claims management system, track 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 complete, more accurate, and reliable information you can:

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

Improve incident reporting while decreasing costs

With an 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. Ventiv's insurance claims management system provides quick reporting that 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, you are able to 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

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

With Ventiv's insurance claims management system all your legal and litigation data in one platform, you can segment and evaluate information from virtually every angle. Now you can analyze data by business unit, product, exposure, law firm, or matter type.

Monitor a range of KPIs regarding your legal resources, TPAs, and service providers to increase your organization’s profile and drive down costs.

Discover “jumper” insurance claims early and reduce 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 Ventiv's insurance claims management system and predictive analytics, you can now integrate multiple sources of both internal and third-party information to predict how a claim is likely to unfold.

insurance claims management system, insurance claims management systems

Make better, faster and more accurate decisions that minimize risk and maximize value with advanced analytics

Get a deeper understanding of insurance claims, predict outcomes, and take precautionary actions to optimize performance.

Ready to learn more?

Want to Talk?

You have questions about our insurance claims management system...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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Ready to move your business forward?

Let’s Talk

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 system.

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.