Providing claims and technology solutions for the insurance industry
The way of DOCOsoft is to build software products of enduring worth that transform the general insurance industry, and to build a community of customers to whom we have fulfilled a promise, all made possible by a workplace guided by innovation, integrity and teamwork.
50% reduction
in claims handling
turnaround time |
£350,000 saved
for a small team
of claims handlers |
625 days saved
based on 30,000
claims processed
a year |
10 minutes
minimum saved
per claim |
24/7 access
claim response
ability |
About DOCOsoft
The London insurance market is undergoing substantial change driven by regulation and competitive pressure. In this environment, out-dated market-wide claims technology systems continue to hold back those London market carriers that have not moved into a new data driven age. So how can DOCOsoft help?
DOCO Claims supports regulatory compliance with minimum claims standards, helps increase throughput, reduces duplication of effort and supports faster reporting, all in a controlled process framework. The product is closely integrated into the infrastructure that supports the London and international insurance markets.
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DOCOsoft Products
14 market carriers are live on the claims management system - 25% of Lloyd’s Managing Agents. DOCOsoft’s claims management system now processes claims for carriers who write up to £5 billion premium income out of a total £24.28 billion of GWP.
We save our clients time and money. We also increasingly add value through our data analytics software, which allows claims, underwriting and actuarial departments to understand and measure their data more accurately.
DOCOsoft’s
claims management system now processes claims for Carriers who write up to £5bn Premium Income out of a total £24.28 billion GWP. DOCOsoft’s claims management system now processes claims for Carriers who write up to £5bn Premium Income out of a total £24.28 billion GWP. DOCOsoft’s claims management system now processes claims for Carriers who write up to £5bn Premium Income out of a total £24.28 billion GWP.
To see what we’ve done for others,
click here.
Our Company and Culture
The way of DOCOsoft is to understand the growing challenges faced by our global carrier client base. Their claims business is complex, dealing with multi-million dollar claims so we simply can’t let them down. Our systems are robust, which is why we were selected by Lloyd’s of London to be their
Market Acceptance Provider for all software that needs to be tested in the Market.
The three pillars of DOCOsoft’s success are:
1.
Our people: talented, focused
2.
Our market knowledge – check out our
Blogs,
White Papers and
Newsletters
3.
Our innovative products
We’re also in the news quite a lot! Find out more
here.
ROI through DOCOsoft Innovation
DOCOsoft are
multiple award winners and recognised
innovators of market leading claims products. Since December 2016 we have won an Insurance Day
London Market Award for Tech Initiative of the Year, then in 2017 a global ACORD Award for Business Process Improvement and an Irish Times Award for FinTech Innovation.
ü Typically replacing 18 different actions across 7 different systems & 8 Processes to handle 1 claim
ü Reduce Claims handling turnaround time by up to 50%
ü Time saving > 10 minutes per claim (typical saving 3 FTE)
ü 24 / 7 Claim Response Ability
ü Provides Competitive Advantage
Our Team
Aidan O’Neill Anthony Freeman Graham Sheppard Garbhan Murphy Anne Mulcahy
Contact
Main Tel: +44 (0)207 959 2278
Website:
www.docosoft.com
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