The Insurance Claim Life Cycle Step-by-Step Updated 2025 Claims management is the core of any insurance operation. It’s not just about transactions—it’s about trust. When a worker is injured or a claim is filed, policyholders expect clarity, fairness, and speed. For insurance carriers, this means having systems in place that ensure every claim moves throughRead more
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(Updated 2025) Efficient claims processing is crucial for insurance companies to provide excellent customer service and maintain a competitive edge. To achieve this, benchmarking key performance indicators (KPIs) is essential as they serve as valuable metrics to measure effectiveness. As organizations become increasingly data-driven, they are turning to KPIs to keep track of how individuals,Read more
How does Terra streamline operations with Cloud-Native Risk Management The world of risk management is rapidly evolving. Traditional, on-premise systems are becoming cumbersome and expensive to maintain. Terra’s cloud-native Risk Management Information System (RMIS) offers a powerful and user-friendly solution that eliminates these burdens for agents, brokers, third party administrators (TPAs), individual adjusters, and otherRead more
While Terra is a comprehensive Risk Management Information Systems, it does provide different strengths for different jobs. In this case Brokers and Adjusters can take different things out of Terra. Depending on which part of the process your are assigned or your job, Terra will provide you with the tools you need. In thisRead more
The insurtech arena evolves rapidly alongside advancing technology. As we approach 2024, it becomes crucial to scrutinize the trends that are molding the future of insurtech. This article delves into the significant trends within the industry and provides key insights that will characterize the insurtech landscape. Some of the Changes that are coming to InsurTechRead more
What do we mean when we speak about “Digital Claims Management”? Insurance Claims Management is not a new practice. The first insurance policy was passed more than 100 years ago. What changes over time is the process of managing insurance. Particularly insurance claims need to be manage mindfully, knowing that whatever the claimant is claiming,Read more
Two key figures often find themselves obscured by misconceptions – brokers and adjusters. The difference between brokers and adjusters are not obvious. While both are indispensable to the claims resolution process, confusion persists regarding their roles and responsibilities. In this article, we aim to demystify the definitions, debunk common myths, and shed light on the distinctiveRead more
Traditional approaches are giving way to innovative solutions, and at the heart of this evolution is the advent of cloud-native applications. In this blog we will go into how these applications are reshaping claims management, bringing scalability, efficiency, and flexibility to the forefront. What are the Main Benefits of Having a Cloud-Native App for ClaimsRead more
Technology has revolutionized the way insurance claims are processed, so the protection of sensitive data is paramount. In that regard, Claims Management, an intricate process that handles vast amounts of personal and financial information, has become a prime target for cyber threats. In this blog post, we will go deep into the critical importanceRead more
The Texas PRIMA Annual Conference & Expo is here, which with a stellar opportunity to enrich your knowledge about risk management and grow your professional network. Texas PRIMA is a state chapter of the National Public Risk Management Association with a clear mission: to advance risk management in governmental agencies, political subdivisions, school districts, andRead more
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