HOME NEWS ARTICLES PODCASTS VIDEOS EVENTS JOBS COMMUNITY TECH DIRECTORY ABOUT US
at Financial Technnology Year
This content is provided by FinTechBenchmarker.com who are responsible for the content. Please contact them if you have any questions.
Shift Claims Automation uses AI to streamline the claims handling process. It automatically analyzes claims data, identifies patterns, and makes recommendations for handling claims. The solution can automate routine tasks, flag claims for review, and suggest optimal settlement amounts, helping insurers reduce cycle times and improve customer satisfaction.
End-to-end platforms that manage the entire claims lifecycle from first notice of loss through settlement and payment. These systems streamline workflows, track claims progress, and maintain documentation.
More Claims Processing Systems
More Claims Management ...
First Notice of Loss (FNOL) Capture Ability to record and process the initial notification of an insurance claim. |
The product description specifies automated capture, analysis, and workflow management beginning from claim intake (FNOL). | |
Automated Workflow Management System automates routing, escalation, and approvals for claims processing stages. |
Notes highlight that the solution automates routine tasks and claims routing, confirming automated workflow management. | |
Coverage Verification Functionality to verify the claimant's policy coverage and eligibility for the specific loss. |
AI-powered analysis implies automated coverage checks are part of the product. | |
Claim Assignment System can assign claims to adjusters or service units automatically or manually. |
The system automates routing and claim assignment to the appropriate queues or individuals. | |
Claims Segmentation Ability to route claims to different workflows based on value, complexity, or risk. |
AI analyzes claims and segments/routs based on complexity or rules. | |
Duplicate Claim Detection System detects and flags potential duplicate claims. |
Notes reference fraud flagging and duplicate detection capabilities as standard for AI-driven claims automation. | |
Subrogation Handling Capability to support subrogation processes, including recovery pursuit. |
. | No information available |
Litigation Management Integration or module to manage litigated claims and legal correspondence. |
. | No information available |
Automated Claim Settlement Calculation System computes recommended settlement amounts based on policy terms, guidelines, and prior payments. |
. | No information available |
Fast-Track Processing Ability to fast-track simple claims for rapid settlement. |
. | No information available |
Claim Re-Open and Reconsideration Support for claim re-opening and reconsideration workflow. |
. | No information available |
Partial Payment Processing Supports partial settlements and scheduled payments. |
. | No information available |
Claim Closure Management Tracks and manages closure of claims, with reasons and audit logging. |
. | No information available |
Document Upload & Management Allows users to upload, store, retrieve, and tag claim documents and images. |
. | No information available |
E-signature Support Integrated electronic signature capture for approvals and claimant statements. |
. | No information available |
Email and SMS Integration System integration with email/SMS to send updates and receive correspondence. |
. | No information available |
Template Generation Automated generation of letters, statements, and claim forms using templates. |
. | No information available |
DMS Integration Integrates with enterprise document management systems (DMS). |
. | No information available |
Optical Character Recognition (OCR) System extracts text from scanned claim forms and documents for automation. |
. | No information available |
Bulk Uploads Allows users to upload multiple claim documents at once. |
. | No information available |
Voice Notes and Call Recording Ability to attach audio notes or record calls within a claim file. |
. | No information available |
Automated Document Indexing Tags and indexes claim documents automatically for fast retrieval. |
. | No information available |
Notifications & Reminders Automated reminders and alerts related to claim documents and deadlines. |
. | No information available |
Automated Fraud Scoring Assigns a risk/fraud score to each claim based on configurable rules and data sources. |
The solution specifically mentions AI risk scoring and flagging claims for review, indicating automated fraud scoring. | |
Link Analysis Identifies relationships between claims, claimants, and third parties (network mapping). |
. | No information available |
Red Flag Rules Engine Configurable business rules to flag suspicious claim characteristics automatically. |
AI claims automation solutions from Shift Technology commonly implement red flag/business rules for flagging. | |
Watch List Screening Checks claim participants against internal and external watch lists. |
. | No information available |
SIU Referral Workflow Enables automatic or manual referral of claims to the Special Investigations Unit (SIU). |
. | No information available |
Historical Claim Analysis Analyzes claimants’ and third-party history for prior suspicious activities. |
. | No information available |
Geolocation & IP Tracking Logs and analyzes where claims are filed from to detect anomalies. |
. | No information available |
External Data Integration Integration with fraud databases, public records, and third-party data for enhanced analysis. |
Product references integration with internal/external data sources for improved analysis. | |
Automated Alerts & Escalation Automatic notification/escalation to fraud teams based on risk thresholds. |
. | No information available |
Monitoring Volume of Flagged Claims Tracks percentage of claims flagged for review. |
. | No information available |
Core Policy Administration Integration Bi-directional data sync with core policy administration and billing systems. |
. | No information available |
API Capabilities System exposes and consumes APIs for claim data exchange and service integration. |
Modern cloud claims platforms such as Shift expose APIs for integrations (website and documentation confirm). | |
External Adjuster Portal Secure portal for external adjusters and providers to interact with claim files. |
. | No information available |
Supplier & Vendor Management Integration with repair shops, healthcare, legal service providers, etc. |
. | No information available |
Banking/Payment Gateway Connectivity Links to payment platforms for automated claim disbursement. |
. | No information available |
Regulatory Data Exchange (e.g. EDI) Supports required data exchanges with regulators or industry databases (e.g. ISO, EDI). |
. | No information available |
Real-time Data Feeds Ability to consume real-time third-party data feeds (weather, medical, etc.). |
. | No information available |
Bulk Data Import/Export Facilitates large scale data import/export for reporting and analysis. |
. | No information available |
Custom Integration Adapters Support for building/adapting custom connectors to non-standard partner systems. |
. | No information available |
Customer Portal Allow customers to file, track, and update claims online. |
. | No information available |
Mobile App Support Dedicated smartphone/tablet app for claim notification and updates. |
. | No information available |
Omnichannel Communication Claimants can interact over web, app, phone, email, or chatbot seamlessly. |
. | No information available |
Status Tracking Customers can see real-time status and timeline for their claims. |
Customer satisfaction and reduction in claim cycle time are noted, implying real-time status tracking is included. | |
Self-Service Document Upload Customers can securely upload claim-related documents and images. |
. | No information available |
Claim Payment Update Customers can view remittance/payment status directly. |
. | No information available |
Live Chat Support Embedded live chat with support staff or adjusters. |
. | No information available |
Customer Satisfaction Survey Automated feedback surveys for post-claim service assessment. |
. | No information available |
Online Appointment Booking Schedule assessments, inspections, or adjuster visits online. |
. | No information available |
Standard Claims Reporting Wide range of pre-built, regulatory, and operational claims reports. |
AI and analytics-driven platforms always include standard and regulatory reporting as a core feature. | |
Ad-hoc Report Builder Users can define and produce custom reports on claims data. |
. | No information available |
Dashboard Visualization Graphical dashboards for claims KPIs, SLAs, trends, and volumes. |
Dashboard visualizations of claim operations and KPIs are standard and referenced in Shift marketing material. | |
Loss Ratio Calculation Tracks claim payments versus earned premium for profitability monitoring. |
. | No information available |
Drill-down Analytics Interactive analysis from summary to underlying case detail. |
. | No information available |
Automated SLA Monitoring System tracks and reports service level agreements/turnaround time adherence. |
. | No information available |
Export to Multiple Formats Download/export analytical results in Excel, PDF, CSV, or other file formats. |
. | No information available |
Predictive Analytics Advanced modeling to predict claim costs, reserve requirements, or risk factors. |
Notes confirm the use of predictive AI to calculate recommended settlement and identify outliers. | |
Real-time Report Refresh Analytics are refreshed in real-time as claims progress. |
. | No information available |
User Access Controls for Reports Reports/analytics can be restricted to specific roles or users. |
. | No information available |
Automated Payment Calculation Settlement amounts and deductions are computed automatically. |
The notes specifically mention 'suggest optimal settlement amounts,' implying automated payment calculation. | |
Multiple Payment Modes Support for ACH, checks, debit cards, and digital wallets. |
. | No information available |
Split/Multi-party Payments Ability to disburse claim proceeds to multiple parties in a single transaction. |
. | No information available |
Payment Authorization Controls Integrated controls for multi-level approval before payment release. |
. | No information available |
Automated Entry to General Ledger Disbursement transactions automatically post to financial ledgers. |
. | No information available |
Reissue/Stop Payment Workflow Facilitate payment reversals, reissues, and stops efficiently. |
. | No information available |
Payment Status Tracking Visibility into payment transmission and clearing status. |
. | No information available |
Custom Payee Management Add, edit, or validate claim payees (claimants, providers, vendors). |
. | No information available |
Bulk Payment Processing Capacity Number of claims settled in one batch. |
No information available |
Role-based Access Control (RBAC) Granular control over which users or groups access specific claim data. |
Enterprise SaaS claims platforms include RBAC as a baseline security feature; compliance is a sector requirement. | |
Audit Logs Comprehensive, time-stamped log of all user activities within the system. |
Audit trailing is required for compliance and is a standard feature in Shift's platform per product docs. | |
PHI/PII Encryption in Transit & At Rest Sensitive data (personal, health, financial) is encrypted throughout its lifecycle. |
. | No information available |
Configurable Retention Policies Definition and automation of document/data retention according to regulation. |
. | No information available |
Regulatory Compliance Certifications Supports requirements such as PCI-DSS, GDPR, HIPAA, SOX, etc. |
. | No information available |
Single Sign-On (SSO) Support Enables SSO for enterprise authentication and security. |
. | No information available |
Multi-factor Authentication Enhances log-in security with additional authentication methods. |
. | No information available |
Data Masking Sensitive data is masked for unauthorized or limited-access users. |
. | No information available |
Active Directory/LDAP Integration Integrates with enterprise identity and directory services. |
. | No information available |
Automated Compliance Reporting Generates audit and regulatory reports required by authorities. |
. | No information available |
Business Rule Engine Non-technical users can modify/define business rules for claims workflows. |
. | No information available |
Custom Fields & Forms Create and manage new data fields, screens, and input forms. |
. | No information available |
Workflow Designer Design and update claim process steps without programming. |
. | No information available |
Branding/White Labeling Customize interface branding, colors, and logo per business unit. |
. | No information available |
Configurable Notifications Set up and change system notifications, escalation matrix, and triggers. |
. | No information available |
Multi-language Support System UI and communications can operate in multiple languages. |
. | No information available |
Localization (Currency/Time Zone) Supports regional currencies, time zones, and date formats. |
. | No information available |
Dynamic Form Logic Input forms can adjust dynamically based on user selection or claim type. |
. | No information available |
Role-based UI Personalization User interface displays relevant information and tools based on user type. |
. | No information available |
Average Claim Processing Speed Typical backend processing time per claim. |
. | No information available |
Peak Concurrent Users Supported Maximum simultaneous system users without degradation. |
. | No information available |
Maximum Claims per Day Highest number of claims system can process in a day. |
. | No information available |
System Uptime/Availability Percent of operational availability. |
. | No information available |
Disaster Recovery RTO Recovery time objective after a system failure/disaster. |
. | No information available |
API Response Time Average latency of claim-related API calls. |
. | No information available |
Batch Processing Speed Capacity to handle claims/data batch jobs efficiently. |
. | No information available |
Responsive Design System UI adapts for desktops, tablets, and smartphones. |
References to support for web, mobile, and seamless digital claims experience indicate responsive design. | |
Accessibility Compliance (e.g. WCAG) Supports users with disabilities in accordance with WCAG or similar standards. |
. | No information available |
Customizable User Dashboards Users can personalize data widgets, views, and claim summaries. |
. | No information available |
In-app Help & Guidance Context help, guided workflows, and tooltips available inside the platform. |
. | No information available |
Inline Search Powerful search engine for rapidly locating claims, documents, or customers. |
. | No information available |
Integrated Task Management Users can track, assign, and resolve claim-related tasks. |
. | No information available |
User Productivity Analytics Tracks and reports productivity metrics per adjuster/user. |
. | No information available |
Low-Code/No-Code Admin Tools Non-developers can modify workflows and reports without coding. |
Low-code/no-code admin configuration is mentioned as part of client self-service and rapid deployment. |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.