Claimable Ltd. - Company Research Report

Company Overview

Name: Claimable Ltd.

Mission Statement: To change perceptions of insurance through technology and provide tangible business benefits to customers, striving to build long-term relationships. Claimable focuses on making simple, affordable claims management software that offers a streamlined experience for both claimants and users.

Founded: 2009

Founders: No specific information on the founders

Key People: No information is available

Headquarters: Unit 405, Monier Works, 7 Casings Way, London, E3 2TH, United Kingdom

Number of Employees: No information is available

Revenue: No information is available

Known For: Claimable is known for its claims management software, designed to simplify and enhance the efficiency of insurance claim handling. The software is tailored to help businesses settle claims swiftly and reduce administrative burdens, thus enhancing customer satisfaction.

Products

Claimable offers a web-based claims management software that includes the following features:

1. Unlimited File Storage: Allows businesses to efficiently store and access documents any time, promoting a paperless operation.

2. Filters: Helps in organizing and reporting on claims data, driving productivity, and ensuring informed decision-making.

3. Labels and Notes: These features enable users to categorize claims and keep detailed, shareable notes on each claim, facilitating team collaboration.

4. Tasks and Contacts: Assign tasks within the team and manage a database of claim contacts to streamline workflow and resource allocation.

5. Security and Compliance: The platform ensures that data is stored securely, complying with current regulations such as GDPR.

6. Automation and Notifications: Tools to automate repetitive tasks, automatically generate letters and documents, and receive customized notifications of claim activities.

Key Features Explained

Claimable Enterprise: A subset of features within the main product suite that provides enhanced claims workflow capabilities, swift settlement, customer satisfaction rating capture, and automated correspondence.

Workflow & Automation: Includes features like automated task creation, message templates, and notifications to streamline communications and operations.

Customisation: Limited customisation options are available depending on user needs.

Integrations and Reporting: Allows for consistent tracking of KPIs and scheduled reporting to keep track of various claim metrics.

Recent Developments

Partnerships: Claimable has a long-term partnership with Lorega, which has utilized the Claimable Enterprise to enhance their claims handling processes, increasing efficiency and customer satisfaction.

Product Enhancements and Updates: There is an ongoing commitment to modernizing and optimizing the software. Recent updates focus on enhancing productivity features such as filtering options and improving customer communication.

Customer Engagement: Claimable emphasizes building long-term relationships with their customers by providing tangible benefits and continuously enhancing product offerings based on customer feedback and market needs.

Additional Information

Target Audience: Claimable targets businesses that deal with claims management, including insurance companies, property repair contractors, and brokers among others.

Pricing Plans: The pricing structure is tiered to cater to different business sizes and needs, ranging from £59 per user/month for startups to £179 per user/month for larger companies with more extensive features.

Subscription Model: Claimable operates on a SaaS model, offering a free trial with no obligation, and various support and customization options depending on the selected plan.

Global Access: As a web-based platform, Claimable is accessible globally, with no geographical limitations as long as there is an internet connection available.

Claimable Ltd. is at the forefront of transitioning traditional claims management into a more efficient, technology-driven process, focusing on customer-first solutions and operational excellence.