Insurance Age A tool designed to automate and speed up delegated authority claims has been launched by tech provider SchemeServe. The feature is already being tested by some MGAs, broker Bennett Christmas and Nationwide.
According to the provider the claims tool enables the exchange of claims information in real time throughout the delegated claims lifecycle, from logging claims and providing a portal for customers to upload supporting images directly, to rules based standard data provision and automatic claims settlement.
John Price, COO SchemeServe, comments: “We have already disrupted the sales and underwriting process, speeding it up and making it more affordable for intermediaries of any size with delegated authority schemes to compete on a level playing field. Claims is one area which is still ripe for disruption from InsurTech and so I’m very excited to be launching our new claims tool.”