Claims management software is an efficient solution for rising pet insurance claims
Released on: January 30, 2008, 4:46 am
Press Release Author: BeyondPR
Industry: Computers
Press Release Summary: Research from a leading pet insurer identified that an estimated 1.8 million pet insurance claims are made in the UK against veterinary treatment for cats and dogs every year.
Press Release Body: Research from a leading pet insurer identified that an estimated 1.8 million pet insurance claims are made in the UK against veterinary treatment for cats and dogs every year. Reports suggest that a further 18,000 claims are made for other reasons like a lost or stolen animal. AquariumClaims, an innovative web-based case management software solution developed by Aquarium Software of Hale, Cheshire, is adept in handling all manner of claims swiftly and efficiently - providing an industry solution to the increased pressure face by insurance companies handling a surge in claims.
According to the research, the most common pet insurance claim is for skin tumours, followed by general poor health where the cat or dog is said to be \"just not his/herself\". In 2007 the company says it dealt with pet insurance claims covering more than 200 different categories.
The report also states that 75% of uninsured cat and dog owners pay out for an estimated 5.5 million veterinary treatments annually. For the foreseeable future, claims for veterinary treatments and other reasons will continue to flood in, especially as more and more pet owners see pet insurance as a necessity rather than a luxury. This will put added pressure on insurance companies. A fast and efficient system will be required to deal with the upsurge, and this is where AquariumClaims will shine. The new and improved version of AquariumClaims claims management software makes the process simpler, smarter and speedier for claims companies. AquariumClaims is a state-of-the-art case management software solution specially designed for fast growth claims companies. Version 2.2 delivers even more benefits to the user, further speeding up the claims handling process.
"There will continue to be a rise in the number of insurance claims from pet owners. The increasing cost of medical treatments and will exacerbate the problem, and cause increasing pressure on insurance companies. This is where AquariumClaims delivers. The new easy-to-use features in Version 2.2 make it an even better product, delivering greater simplicity and reliability to the claims handling process," said Aquarium's product marketing director, Mark Colonnese.
AquariumClaims is designed to be quick to set up and is available at a comparatively lower cost. It uses the latest web-based technology giving users a powerful solution at a cost that traditional software providers cannot match.
Aquarium has set up a "60 second" online test which allows claims companies to compare their current processes with state-of-the-art claims processing using AquariumClaims. The test is free and confidential, and the results are emailed back immediately to the user. Interested claims managers can take the AquariumClaims online test at www.aquariumclaims.com.
For further information contact Aquarium Software, free of charge, on 0800 781 7570 or visit www.aquariumclaims.com
ENDS
Notes to editors Traditional software is installed locally on the user's own server, so requires the user's IT staff to install and update the software. By using a Software as a Service (SaaS) model, Aquarium does away with this, taking care of installation, maintenance and upgrading of the software as well as secure data storage. The company has also revised its pricing model so, instead of the traditional upfront license costs, ongoing maintenance charges and heavy consultancy set-up fees, Aquarium can offer users faster start-up and much more flexible pay-as-you-go pricing, if they want.
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