INSURANCE
Manage claims litigation, corporate legal and GRC operations for a complete risk management solution. Gain visibility into insurance fraud, strategically manage subrogation, and develop performance reports with full transparency. Profits, customer service and brand reputation can be improved by handling cases quickly, fairly, and accurately.
TeamConnect enables cross-department collaboration which streamlines claims handling and resolution while providing the means to reconstruct reasons for decisions and the state of knowledge at a given time, in the event of a dispute.
TeamConnect allows internal departments to collaborate on a comprehensive risk management strategy with full visibility into:
Legal: Claims Litigation; Class Action; Corporate Legal; Employment; Contracts; Mergers & Acquisitions; Regulatory; Environmental; Advice & Counsel.
Claims Litigation: TeamConnect’s Insurance Claims Litigation Solution Framework is designed to provide claims managers with accurate, real time data on how claims are being litigated across a large organization. This practical intelligence about claims enables improved productivity for the claims department, which contributes to an improved expense ratio for the carrier. By helping staff attorneys gain a better understanding of effective claims defense practices, as well as detecting fraud, the framework helps narrow the carrier’s loss ratio.
GRC: U.S. Patriot Act; Sarbanes-Oxley (SOX); National Association of Insurance Commissioners (NAIC) requirements; State Privacy Regulations; Disclosure Laws; Federal Employees Compensation Act (FECA); Anti-Money Laundering (AML) Provisions; Suspicious Activity Reports (SAR); Office of Foreign Assets Control (OFAC) & Customer Due Diligence; Health Insurance Portability & Accountability Act (HIPAA).
Reassignment Tool
This tool offers the ability for clients to make bulk reassignments for matters or claims assigned to one contact to another contact on either a temporary or long term basis. Building this capability into the TeamConnect solution can help avoid time consuming efforts later.
Time Entry
The time entry tool allows clients to track, manage, and report on time utilization by specific activity. This level of data is often required for government regulated billing.
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