DOCOsoft is the recipient of a 2017 ACORD Case Study Award
London, 28th September 2017 – DOCOsoft is the recipient of a 2017 ACORD Case Study Award, which will be presented at ACORD2017, taking place at the Marriott Copley Place in Boston October 24-26th in Boston. The ACORD Awards are being held on Wednesday, October 25th at 5:00pm with a reception to follow.
An ACORD Award is a prestigious honour, recognized throughout the insurance industry worldwide. ACORD Awards are presented to those organizations and individuals who have demonstrated outstanding achievement in ACORD implementation in the past year.
ACORD Award categories recognize business process improvement, individual and organizational leadership, global outreach and industry community excellence.
ACORD’s award recognises DOCOsoft’s ground breaking work for its claims management system. Since 2015, DOCOsot’s claims management system has been a cornerstone of innovative Write Back functionality, delivering cost efficiencies and enhanced analytics solutions for its London insurance market clients.
Since its launch, DOCOsoft’s Claims Management System (CMS) has delivered significant efficiencies and innovation to the world’s largest insurance companies, reducing down-time, enhancing data capture quality and compliance procedures.
The power of the DOCOsoft solution can be seen in the impressive market-wide take-up of its Write Back technology. 14 market carriers are live on the DOCOsoft claims management system one stop shop – 25% of Lloyd’s Managing Agents. DOCOsoft’s claims management system now processes claims for Carriers who write up to £5bn Premium Income out of a total £24.28 billion GWP.
The ACORD Awards recognises that DOCOsoft’s CMS embeds innovative analytics capabilities into the organisational fabric and positions Managing Agents for strategic, competitive and cost advantages.
Many London market claims teams are therefore turning to DOCOsoft’s technology solutions to gain insights, automate processes and enhance performance.
DOCOsoft also recently won the Insurance Day London Market Technology Initiative of the year award and its innovative CMS has also been shortlisted in the FinTech Category for the Irish Times Innovation Awards.