Insurance Technology Cloud
Insurance Cloud Success Stories
Insurers that once doubted the cloud are benefiting from the competitive and economic advantages of as-a-service models — with great results.
Road To Better Claims Data
Self-insured entities, such as municipalities, also look to cloud-based systems to help process claims against them quickly and efficiently. The city of Albuquerque, N.M., which is self-insured up to $1.5 million in claims for workers’ comp and $1.05 million on general liability, was an early adopter of software-as-a-service claims processing through a system called Gensource, from Irvine, Calif.-based StrataCare, according to Alan Gutowski, finance manager in the city’s risk management department. Though claims processing was done off-site with that system, there were still inefficiencies, he explains.