Polaris Financial Technology Ltd. has launched Intellect Claims, a comprehensive cloud enabled claim processing system which caters to several lines of business, including Life and Disability Health. Built on the revolutionary Customer Business eXchange (CBX) technology, the new platform will take all of the elements that make claims processing so complex and bring them all together in a Simple, Quick and Accurate environment. Intellect Claims' solution architecture leverages a combination of intuitive interconnected smart technologies (HUBs, Workstations and Component based architecture), that positively impacts cost, delivery schedules and unprecedented focus on productivity.
Pranav Pasricha, Global Head, Insurance, Polaris Financial Technology Ltd., said, "Our product suite delivers unprecedented complexity reduction due to its flexibility in configuring claims processes and setting up role based work stations. It allows carriers to proactively manage cases and improve payment outcomes. Intellect Claims' architectural approach provides the IT organisation with an industry standard compliant (ACORD), highly modular and configurable asset, built on sound and industry standard technologies. This gives us the ability to effectively outcompete the other offerings in the market today in terms of business value, implementation cost, timeline as well as long term TCO."
