THE PRAETIUM SOLUTION

The insurance industry needs to keep pace with changes in society and people’s way of organizing their lives. People are more empowered, informed and demanding than ever before and they expect their insurance providers to respond and adapt to their needs.

When an incident occurs, the claims management process represents the moment of truth between the insurance company and its clients. People do not really know what their insurance policy will do for them until they actually suffer loss or damage. When this happens, the insurer needs to guide and assist the client in a clear, concise, informed and rapid manner. The Praetium solution accellerates the claims management process to the benefit and satisfaction of both parties by saving time, effort and money.

APPLICATION AREAS

Praetium for Agents and Brokerages		Praetium for Claims and Incidents		Praetium for Underwriting

HOW IT WORKS

Praetium enables real time two-way communication with geo- and time-referenced pictures or video. The pictures and the transmission between company and client are encrypted to ensure client confidentiality and to reduce the possibility of fraud.

THE CLAIMS MANAGEMENT PROCESS 

Claims management is a collective term for the workflow the insurance company carries out for people or companies that suffer damage. Below, all the steps involved in the claims management process are described. Praetium is designed to accelerate this process and make it faster, smoother and more cost-effective.