Origami Risk Gains Momentum in New Aite-Novarica Report on P&C Claims Management Systems
Leading software firm one of two vendors named “contenders” in report
Origami Risk, the industry-leading risk, safety, and insurance Software as a Service (SaaS) technology firm, is rapidly gaining industry recognition for its Core Solutions claims management capabilities for property & casualty insurance companies, pools, MGAs, TPAs and self-insurers.
The new Aite-Novarica P/C Claims Management Systems Vendor Analysis Report (compiled in June) groups Origami among “contenders,” a designation for providers with “substantial customer experience and momentum.” Origami Risk’s claims solution moved to the “contender” category from the “new entrant” category in the 2021 report. This reflects the growth of Origami Risk’s insurer client base and market presence in the insurance industry.
“As part of our research, we examined several key factors carriers cite for selecting a core P/C claims management system, including highly configurable workflow automation, easy-to-use tools and resources, cloud deployment and SaaS licensing models to simplify implementation, and competitive cost, among others,” said
According to the report, “Origami Risk has an extensive client base from its origins in the self-insured and risk-pooled space, but in recent years it has seen rapid growth in the P/C claims market. The solution’s digital capabilities and modern user interface differentiate it in the P/C claims management solution space.”
The report describes Origami’s claims management solution as “… built on a single, multitenant SaaS platform, it is believed to be scalable to support insurers of any size.”
In addition, Origami Risk cited the following as its key differentiators for P&C insurers, pools, MGAs, TPAs and self-insurers:
- Single instance, multitenant SaaS platform ensuring all Origami clients are on the latest claims administration solution
- Robust digital and analytics capabilities utilized by major carriers to manage existing books of business and provide transparency to key stakeholders
- Built-in integration capabilities to efficiently manage new and existing systems and vendor platforms
- Workers' compensation and other line of business compliance forms, compliance resources, and regulatory information
- Full visibility of clients’ risk through an integrated data model across policy, billing, claims, risk management, and loss control
Origami’s profile also cited strategic product enhancements made by the firm in the past 12 - 18 months, including: “enhanced platform with low-code configuration tools”; “reinsurance functionality,” and “improved management reporting and predictive analytical model capabilities.”
“We’re excited about the enthusiastic response we’re receiving throughout the insurance industry to our commercial property & casualty claims administration and several of our other core capabilities,” said
Origami Risk offers a full suite of end-to-end, integrated SaaS solutions for policy, rating, billing, loss control and claims administration, reporting and analytics, along with a comprehensive digital engagement experience for all internal and external stakeholders.
According to the
To read Origami’s review and profile in the Aite-Novarica P/C Claims Management Report, visit: https://www.origamirisk.com/aite-novarica-pc-claims-management-systems-vendor-analysis-report-2022.
About
About Origami Risk – Core Solutions Division
Origami Risk provides integrated SaaS solutions that simplify insurance, risk, and safety for insurers, managing general agents (MGAs), program administrators, third party claims administrators (TPAs), risk pools, brokers and more. Origami Risk delivers its highly configurable and completely scalable integrated insurance core system, risk management and safety solutions from a secure, multi-tenant platform accessible via web browser and mobile app. Visit origamirisk.com or contact Origami at [email protected].
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Source: Origami Risk
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