MLC Life Insurance Partners with ClaimVantage for Claims Transformation Program

By a News Reporter-Staff News Editor at Insurance Weekly News -- ClaimVantage, the international provider of claim management software solutions, is partnering with MLC Life Insurance in Australia to provide the enabling technology to underpin the success of the company's claims transformation program.

Following the initial implementation phase, MLC Life Insurance has started processing its retail Income Protection and Total and Permanent Disability claims using ClaimFirst, the company's claim management platform. ClaimFirst is a cloud-based, automated life and health claim processing solution built on the Force.com platform.

ClaimVantage Regional Director, Geoff Street, says the software will help the life insurer make claims decisions more quickly and simply for customers.

"The claims process can often be cumbersome and complex and the ClaimFirst software can address this problem. It provides MLC Life Insurance with a centralized, digital database to store all claims information, and will improve the claim processing efficiency of all Life, Income Protection (IP) and Total and Permanent Disability (TPD) claims."

Natalie Eckersall, Acting General Manager Claims, MLC Life Insurance, says that the claims transformation program starts with a simple objective: to support customers through their time of need.

"We want to manage claims quickly and with a minimum of fuss and ensure that our customers have a clear understanding of both the process and the timeframe for handling their claim. An example of this is the removal of traditional claims forms so that we can work directly with the customer to get the information that is required quickly and efficiently. ClaimFirst is supporting this by allowing MLC Life Insurance to capture information in real time whilst on the phone to the customer.

"A key element of delivering our claims transformation program is to find a software system that ensures there is effective interaction between the customer and the claims assessor. We are confident the partnership with ClaimVantage will give us the tools to provide our customers with a great claims service."

Positive feedback has already been received as a part of the program, with one customer commenting on how "human" and "caring" the new process is.

MLC Life Insurance is the second Australian customer to launch the ClaimFirst solution. Two further prospects are currently in development this year. About ClaimVantage ClaimVantage is the leading provider of cloud-based Life, Health and Absence claim management software solutions. The company is headquartered in Dublin, Ireland, with a second office in Portland, Maine, and several global operations. ClaimVantage provides cloud-based, automated claims processing solutions that drive efficiency, accuracy, and productivity to a wide-range of insurance companies, Third Party Administrators (TPAs), and employers around the world, including two of the top three carriers in Canada, and two of the top ten carriers in the US.

For more information about ClaimVantage, visit www.claimvantage.com. About MLC Life Insurance MLC Life Insurance is a specialised life insurance business. It represents a landmark strategic partnership between National Australia Bank (NAB) and Nippon Life Insurance under which NAB retain 20% shareholding and Nippon Life hold a majority 80% of the shares in MLC Limited, the entity which operates the MLC Life Insurance business. The Australian-led and managed business aims to leverage Nippon Life's global presence, built over 127 years, alongside MLC Life Insurance's significant experience in understanding and meeting the insurance needs of everyday Australians since 1886.

For more information on MLC Life Insurance, visit mlc.com.au View source version on businesswire.com: http://www.businesswire.com/news/home/20170530005325/en/

Keywords for this news article include: Software, ClaimVantage, Insurance Companies.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC