Ebix’s electronic claims solution allows a Broker to submit claims directly to the Carrier or to the Insurance Market Repository (IMR) for agreement. The Ebix Claims solution speeds up the claims process by providing a service to send the data stored in their claim system to the London Market Bureau or directly to a Carrier. As a result of this the Carrier receives this data in a structured and standardised format allowing them to make a quicker and more accurate decision, which ultimately speeds up the process.
The Claims service provides an option for Brokers to submit work packages to the XIS using DRI messaging. The integration service removes the need for a Broker to key in the details manually using the direct load facility method. This service is initiated directly from a Broker’s administration system and provides status updates and responses when received.
Utilising the already proven ACORD CM schema, a Broker can submit structured XML data to XIS for processing. This process is initiated directly from a Broker’s administration system with status updates and responses received on the Broker platform when available.
Ebix’s Claims solution allows a Broker to submit claims movement data directly to Carriers using the secure, consistent and data rich ACORD ECOT standard. This process is already established and adopted within the global insurance market with some of the largest insurance Brokers/Carriers already involved.
EDI messages are sent out by XIS to Carriers, however not all Carriers have the ability to consume the EDI message. Ebix can act as the recipient of the EDI message for the Carrier and then convert this message into XML or a file format of their choosing.
ACORD4ALL messages can be sent out by XIS to Carriers instead of the EDI format. Ebix can act as the recipient of the ACORD4ALL message for the Carrier. This data can be stored with the carriers non-bureau accounting data so they have one location for all messages.
Ebix’s electronic accounting solution allows a Carrier to receive premium/settlement data directly from Brokers using a secure, consistent and data rich ACORD EBOT standard. This process is already established and adopted within the global insurance market with some of the largest insurance Brokers/Carriers already involved.
- Rapid and secure method of delivering claims data
- Utilises proven, market accepted ACORD standards
- One method to deal with all your Carrier markets
- Compliments/enriches the ACORD EBOT Technical Account
- Reduces the number of queries
- Clear and auditable query resolution process
- Faster claim agreement
- Improved operational efficiency and reduced costs