The launch of the Xuber as a separate business unit in October 2012 was a testament to Xchanging’s ongoing commitment and focus in the insurance software sector. This was born by the launch of ‘Xuber Claims’, the first in the line of many next-generation suite of commercial insurance products in the offing.
Insurers and brokers are being deprived of revenue and face escalating costs that are directly attributable to expenses incurred during inefficient claims processing. Xuber Claims insurance software reportedly sets this right by maximizing operational efficiencies and increasing revenue by using automation.
The software’s flexible screen design, screen flow, rules-based validation and defaulting, together facilitate a streamlined user experience, all of which enable customers to maximize efficiency.
Xuber Claims is a comprehensive fully-integrated end to end claims management solution that can optimize, automate and measure all the stages of processing, commencing from notification of loss to the final settlement , and is considered as the only single platform solution with global capacity on the market.
“There is a gap in the market for a sophisticated claims application that meets the needs of the international commercial insurer and reinsurer. Insurance is now a global, 24-hour industry, reliant on the rapid exchange of information across a huge variety of regions, each with its local requirements with regards to tax, currency and legal entity,” noted Adrian Morgan, head of Xuber.
The newly launched claims management solution plugs this gap with its ability to manage multicurrency claims across multiple regions and entities, with a high degree of flexibility, scalability and transparency.
This is expected to result in reduced costs, improved customer satisfaction and an enhanced functionality that enables Xuber Claims to handle complex, high volume and low value claims equally and efficiently.
The solution can be deployed either as a standalone solution, can be integrated with other components or function alongside other Xuber applications or other third party administration systems.
Xuber Claims supports London Market messaging and interfaces with third party systems for litigation and fraud management. It is the main sponsor of The Strategic Claims Conference in London on the 5th March 2013.
Xuber, Xchanging's newly re-launched insurance software business, has been appointed by Marsh, which is engaged in insurance broking and risk management, to provide Xuber’s Brokasure software to more than 1,100 users around the world.
Edited by Brooke Neuman