Dublin, Ireland, July 08, 2017 --(PR.com
)-- ClaimVantage, a leading international technology provider of claim management software, will be presenting at an upcoming KPMG seminar, FinTech Ireland Company Forum. Hosted in conjunction with the Irish Government, the event will take place at the KPMG offices in Tokyo, on Friday, July 7th at 2.30pm.
ClaimVantage CEO, Leo Corcoran, who will be discussing digital disruption in the global insurance market, says, “By 2020, 50% of the working population will be made up of millennials. This generation grew up in a digital first world so insurance companies need to change the way they do business, to serve the customer better.”
According to Celent, 37% of policyholders actually prefer smart tech to human contact. A further 21% are willing to test artificial intelligence (AI) to see if it can improve and streamline customer service.
Unfortunately, legacy systems are holding back insurers. Multiple systems for claims processing, paper files, and silos of data leave an intricate web of claim data which can’t be integrated. This makes it impossible for insurers to centralized their claim data; to offer data analytics, mobile applications, and artificial intelligence capabilities.
In Japan, financial institutions and startups are announcing new services on a daily basis, as an answer to the digital world around us; although these new services are not readily available. KPMG is hosting this event in an attempt to revitalize Japanese FinTech Activities. Ireland is the hub of FinTech companies in Europe and ClaimVantage is leading the race to digitize the insurance claims process since the release of its cloud-based claims processing software seven years ago.
ClaimVantage is the leading provider of cloud-based Life, Health and Absence claim management software solutions. The company is headquartered in Dublin, Ireland, with a second office in Portland, Maine, and several global operations. ClaimVantage provides cloud-based, automated claims processing solutions that drive efficiency, accuracy, and productivity to a wide-range of insurance companies, Third Party Administrators (TPAs), and employers around the world, including two of the top three carriers in Canada, and two of the top ten carriers in the US.
For more information about ClaimVantage, visit www.claimvantage.com.