LeClair Group Launches Benafica, a New Solution For Insurance Management
Benafica's focus stems from its SaaS (Software as a Service) based technology platform which is used to administer blocks of insurance business for large employer groups, associations, and insurance processing organizations. Benafica's platform brings together all aspects of policy administration into one online platform that creates better workflow efficiency, a seamless customer experience, and lower overall costs of administration. More details can be found at www.benafica.com.
Benafica's software platform includes functionality that facilitates insurance billing and payments, key forms creation, claims management, commission processing, and COBRA administration. The ability to white label the platform allows client groups to utilize the platform as a value-added offering to their services. Currently the software platform has 25,000 policyholders, with 50,000 more policyholders expected to be on-boarded this summer.
Client groups can access the software through a software licensing model, or by fully outsourcing all aspects of policy administration and customer support to the Benafica team. For insurance companies and third-party administrators who operate on several outdated legacy systems, Benafica's SaaS model can provide a turn-key solution for a fraction of the investment that would have otherwise been needed for an insurance company to modernize.
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