This approach provides the insurance carrier with total flexibility to react to customer expectations and changes to product plans.
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Portland, ME (PRWEB) March 29, 2007
ClaimVantage, an innovator in workflow and rules based claims and payment software solutions, announced the integration of the JBoss Rules and JBoss jBPM (workflow) engines with the ClaimVantage product suite. A recent claim survey sponsored by ClaimVantage indicated that insurance carriers want flexibility to deliver; copy and reuse existing rules and workflow to support the business process. “This functionality is critical to insurance carriers who want to maintain their own repository of business rules and workflow processes,” says Ted Nutter, President and CTO of ClaimVantage. “This approach provides the insurance carrier with total flexibility to react to customer expectations and changes to product plans.”
According to a recent claim survey sponsored by ClaimVantage only 30% of respondents can react to immediate product changes and many wait long periods of time to have system changes completed. “Over the years we have worked with many insurance carriers who have identified this issue as frustrating, time consuming and costly to the business,” said Leo Corcoran, CEO of ClaimVantage. “Carriers want to reduce the amount of customized code in their claim management system and use a repository to store rules and business processes. We achieved these benefits for our customers through the use of JBoss rules and workflow engines.”
JBoss, a division of Red Hat is the global leader in open source middle ware software. They combine enterprise-class JEMS open source software with the industry’s leading services and tools to provide simply a better way to transform your business to SOA.
ClaimVantage is committed to delivering Disability and Long Term Care claims management software that supports open source software and development tools.
Founded in Portland, Maine, ClaimVantage helps companies better manage the complexities of claims and payment processing. The ClaimVantage suite of products, ClaimView and ClaimPay, addresses the industry-wide need to reduce the implementation timeline, minimize project cost overrun and deliver best-of-breed claims software that integrates seamlessly with existing enterprise software applications. The ClaimVantage product suite supports multiple lines of business in the Life & Health market.
For further information see the updated ClaimVantage Web site at http://www.claimvantage.com.