Top 10 Laker Software Alternatives & Competitors

The Insurance Claims Management Software solutions below are the most common alternatives that users and reviewers compare with Laker Software. Other important factors to consider when researching alternatives to Laker Software include reliability and ease of use. The best overall Laker Software alternative is Riskonnect Claims Management. Other similar apps like Laker Software are Guidewire ClaimCenter, FileHandler Enterprise, Aclaimant, and Guidewire InsuranceSuite. Laker Software alternatives can be found in Insurance Claims Management Software but may also be in Insurance Suites Software or Operational Risk Management Software.

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Best Paid & Free Alternatives to Laker Software

Riskonnect Claims Management
Guidewire ClaimCenter
FileHandler Enterprise
Aclaimant
Guidewire InsuranceSuite
BriteCore
OneShield Claims
Claimable

Top 10 Alternatives to Laker Software Recently Reviewed By G2 Community

Browse options below. Based on reviewer data, you can see how Laker Software stacks up to the competition and find the best product for your business.

Riskonnect Claims Management

By Riskonnect

4.1/5

(44)

Product Description

Ventiv Technology is a leading global provider of innovative risk and insurance software solutions for a vast array of industries, serving some of the largest companies in the world. Committed to excellence in data analytics, technology and customer success, Ventiv transforms the way companies manage risk and insurance information to enable optimal outcomes. With over 45 years’ experience, Ventiv proudly partners with over 500 organizations and 350,000 users in more than 40 countries. Ventiv Claims is the most feature-rich administration solution that empowers examiners to focus completely on claim resolution. The system is comprised of one or more Claims Management modules and a variety of supporting modules, including Absence Management, Enterprise Legal Management, Workers’ Compensation, Policy Management, Claims Intelligence, Corrective Action Plans, Incident Reporting, and more. Ventiv Claims was designed as a claims management system from the perspective of claims examiners. This is reflected in how easy and intuitive it is to manage claims, with functionality like diaries, business rules, workflow management, notepads, and financial management. Ventiv Claims makes it easy to define custom workflows tailored to each client’s specific business process, making claim, document, and policy administration more efficient. Ventiv Claims offers an “out of the box” solution to clients. At the same time, the Ventiv Claims architectural design was developed with the fundamental requirement of flexibility to adapt to meet the changing business requirements of clients. The system modules, fields, interfaces, and reports are highly user configurable so that Ventiv Claims can be adjusted to meet most organizational processes without custom programming

Categories in common with Laker Software:

Insurance Claims Management

Guidewire ClaimCenter

By Guidewire

4.5/5

(41)

Product Description

Guidewire ClaimCenter is a comprehensive claims management solution designed to streamline the entire claims lifecycle for property and casualty (P&C) insurers. From initial claim intake to final resolution, ClaimCenter enhances operational efficiency, ensures accurate outcomes, and elevates customer satisfaction. Its robust functionality supports all lines of personal, commercial, and workers' compensation insurance, making it a versatile tool for insurers aiming to modernize their claims processes. Key Features and Functionality: - Claim Intake: Utilizes dynamic, response-driven questions to facilitate swift digital claims intake, seamlessly integrated with policy search and retrieval systems. - Rules-Based Assignment: Employs intelligent rules to allocate claims to appropriate professionals, ensuring optimal workload distribution and expertise alignment. - Effective Evaluation: Leverages data-driven insights and best practices to guide decision-making throughout the claims process, enhancing accuracy and consistency. - Financial Management: Offers robust tools for managing reserves, processing payments, and tracking subrogation, ensuring precise financial control. - Negotiation Support: Equips claims teams with powerful tools to manage litigation and track negotiation details efficiently. - Claim Closure: Implements dynamic business rules to ensure all necessary steps are completed before closing a claim, maintaining compliance and thoroughness. Primary Value and Solutions Provided: ClaimCenter addresses several critical challenges faced by insurers: - Improved Efficiency: By automating routine tasks and streamlining workflows, ClaimCenter reduces manual effort, allowing teams to focus on complex cases and strategic initiatives. - Reduced Operational Costs: Optimizing the claims management process leads to faster cycle times, fewer errors, and more efficient resource utilization, resulting in significant cost savings. - Enhanced Customer Satisfaction: Faster claim resolutions and proactive communication keep policyholders informed and satisfied, fostering loyalty and trust. - Increased Accuracy: Centralized data and automated processes minimize errors, supporting confident, data-driven decisions that improve overall claim outcomes. By integrating advanced analytics, automation, and a user-friendly interface, Guidewire ClaimCenter empowers insurers to adapt to market changes swiftly, scale operations effectively, and deliver superior service to their customers.

Categories in common with Laker Software:

Insurance Claims Management

FileHandler Enterprise

By JW Software

4.4/5

(36)

Product Description

Categories in common with Laker Software:

Insurance Claims Management

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Guidewire InsuranceSuite

By Guidewire

4.1/5

(25)

Product Description

Guidewire InsuranceSuite is a comprehensive software platform designed to support property and casualty (P&C) insurers throughout the entire insurance lifecycle. Trusted by over 300 insurers worldwide, InsuranceSuite offers a unified solution that enhances operational efficiency, agility, and customer engagement. Key Features and Functionality: - PolicyCenter: Manages the full policy lifecycle, from quoting to renewal, enabling insurers to define products, underwrite risks, and handle policy administration efficiently. - BillingCenter: Automates the billing process, offering flexible billing and payment plans, managing agent commissions, and integrating with external payment systems. - ClaimCenter: Oversees the entire claims process, from first notice of loss to settlement, streamlining assignment, fraud detection, and adjudication with built-in intelligence. - Unified Data Model: Ensures real-time consistency across all modules, providing a single source of truth for all insurance operations. - Guidewire Cloud Platform (GWCP): Delivers a scalable, cloud-native infrastructure with continuous integration and deployment capabilities, facilitating rapid innovation and deployment. - Advanced Product Designer (APD): A low-code product builder that supports multi-line, multi-currency products, allowing insurers to quickly adapt to market changes. Primary Value and Solutions Provided: InsuranceSuite addresses the critical needs of P&C insurers by offering a cohesive platform that integrates policy administration, billing, and claims management. This integration enhances operational efficiency, reduces time-to-market for new products, and improves customer satisfaction through streamlined processes. By leveraging cloud technology and advanced analytics, InsuranceSuite enables insurers to adapt to evolving market demands, manage risks effectively, and drive business growth.

Categories in common with Laker Software:

Insurance Claims Management

BriteCore

By BriteCore

4.3/5

(24)

Product Description

BriteCore is a cloud-native core insurance platform for P&C insurers that unlocks business growth, delivers greater productivity, and provides a modern customer experience. With the BriteCore Platform, insurers easily administer policies, manage billing and claims, rapidly configure new products, and access detailed reporting and analytics in an all-in-one core system, including agent and policyholder portals. Trusted by over 90 insurers across North America, BriteCore’s policy administration solution enables medium size carriers and MGAs to efficiently manage their insurance operations and effectively compete with the largest providers. For more information, visit www.britecore.com and connect with our team.

Categories in common with Laker Software:

Insurance Claims Management