Background
Claimable, established in 2009 and headquartered in London, UK, specializes in developing claims management software tailored for businesses. The company's mission is to transform perceptions of insurance through technology, delivering tangible business benefits and fostering long-term customer relationships. By focusing on simplicity and affordability, Claimable addresses the industry's challenges of expensive, complex, and bloated software solutions. Their platform is meticulously crafted to provide tools essential for timely and efficient claims management, aiming to enhance the claimant experience while streamlining processes for users.
Key Strategic Focus
Claimable's strategic focus centers on offering a cloud-based claims management platform that simplifies administrative tasks, enabling businesses to settle more claims efficiently. The software is designed to increase claims handling capacity, eliminate paperwork by securely storing data in the cloud, organize claims data for easy access, and ensure compliance with a complete history of each claim readily available. Key features include unlimited file storage, advanced filtering and reporting capabilities, customizable labels, detailed notes, task assignments, and a comprehensive contacts database.
Financials and Funding
As a privately held company, specific financial details and funding history for Claimable are not publicly disclosed. The company operates on a subscription-based pricing model, offering three tiers: Startup at $79 per user per month, Growth at $129 per user per month, and Established at $239 per user per month. These plans are designed to cater to businesses of varying sizes and needs.
Technological Platform and Innovation
Claimable's platform is a cloud-based Software as a Service (SaaS) solution, emphasizing user-friendly design and seamless integration capabilities. The software offers features such as unlimited file storage, advanced filtering and reporting, customizable labels, detailed notes, task assignments, and a comprehensive contacts database. These tools are designed to enhance productivity and streamline the claims management process.
Leadership Team
Specific details about Claimable's leadership team are not publicly available.
Competitor Profile
Market Insights and Dynamics
The claims management software market is characterized by a demand for solutions that enhance efficiency, reduce administrative burdens, and ensure compliance. Businesses seek platforms that offer seamless integration, user-friendly interfaces, and robust reporting capabilities.
Competitor Analysis
Claimable faces competition from several key players in the claims management software industry:
- Applied Epic: Developed by Applied Systems, Applied Epic is a comprehensive agency management system that supports property and casualty as well as benefits business in a single application.
- Aclaimant: Aclaimant offers a platform designed to engage employees, employers, and insurance carriers in managing workplace incidents collaboratively.
- FileHandler Enterprise: Provided by JW Software, FileHandler Enterprise is a claims administration system aimed at streamlining and automating workflows for the claims and risk management market.
- Guidewire ClaimCenter: Guidewire ClaimCenter is a claims management system that supports all lines of personal, commercial, and workers' compensation insurance.
- FileTrac Evolve: FileTrac Evolve is an advanced, web-based claims management system crafted for adjusters, MGAs, TPAs, and insurance entities of every size.
Strategic Collaborations and Partnerships
Information regarding Claimable's strategic collaborations and partnerships is not publicly disclosed.
Operational Insights
Claimable differentiates itself through its commitment to simplicity, affordability, and user-centric design. The platform's cloud-based nature ensures accessibility and scalability, catering to businesses of various sizes. By focusing on essential features without unnecessary complexity, Claimable provides a streamlined solution that addresses the core needs of claims management professionals.
Strategic Opportunities and Future Directions
While specific future plans are not publicly disclosed, Claimable's emphasis on continuous improvement and responsiveness to customer feedback positions the company to adapt to evolving industry demands. Potential opportunities include expanding integration capabilities, enhancing automation features, and exploring new markets to broaden their customer base.
Contact Information
- Website: claimable.com
- Twitter: @claimable
- LinkedIn: Claimable
