Origami Risk Gains Momentum in Aite-Novarica’s New Property and Casualty Claims Management Systems Report

CHICAGO–(BUSINESS WIRE)–Origami Risk, the industry-leading risk, security and insurance software-as-a-service (SaaS) technology company, is rapidly gaining industry recognition for its Core Solutions claims management capabilities for P&C insurance companies, pools, MGAs and TPAs ​​and self-insurers.

The new Aite-Novarica P/C Complaints Management Systems Vendor Analysis Report (compiled in June) lists Origami among the “Contenders,” a designation for vendors with “substantial customer experience and drive.” Origami Risk’s claims solution moved from a “competitor” category to a “new entrant” category in the 2021 report. insurance industry.

“As part of our research, we looked at several key factors cited by carriers for selecting a basic P/C claims management system, including highly configurable workflow automation, easy-to-use tools and resources. use, cloud deployment and SaaS licensing models to simplify implementation, and competitive cost, among others,” said Stuart Rose, Strategic Advisor, P&C Practice at Aite-Novarica. “Origami Risk quickly ticked almost all the boxes, which explains its growing popularity with these buyers.”

According to the report, “Origami Risk has had a large customer base since its origins in self-insurance and risk pooling, but in recent years it has experienced rapid growth in the P/C claims market. The solution’s digital capabilities and modern user interface differentiate it in the P/C claims space.

The report describes Origami’s claims management solution as “…built on a single, multi-tenant SaaS platform, it is meant to be scalable to support insurers of all sizes.”

Additionally, Origami Risk cited the following as its key differentiators for P&C insurers, pools, MGAs, TPAs, and self-insurers:

  • Multi-tenant, single-instance SaaS platform ensuring all Origami customers use the latest claims administration solution

  • Robust digital and analytical capabilities used by major carriers to manage existing business volumes and provide transparency to key stakeholders

  • Built-in integration capabilities to efficiently manage new and existing systems and vendor platforms

  • Workers’ compensation and other industry compensation forms, compliance resources and regulatory information

  • Complete visibility of customer risks through an integrated data model covering policies, billing, claims, risk management and loss control

Origami’s profile also cited strategic product enhancements the company has made over the past 12-18 months, including: “an enhanced platform with low-code configuration tools”; “reinsurance functionality” and “enhanced management reporting and predictive analytical model capabilities”.

“We are thrilled with the enthusiastic response we are receiving across the insurance industry to our P&C commercial claims administration and many of our other core capabilities,” said Christopher Bennett, President of Core Solutions Division. , Origami Risk. “As we work closely with our growing number of clients across multiple insurer segments, we have maintained a strong focus on delivering exceptional service while leveraging a team approach with clients to generate a steady stream of breakthrough innovations.”

Origami Risk offers a full suite of end-to-end integrated SaaS solutions for policy, pricing, billing, loss control and claims administration, reporting and analytics, and engagement experience comprehensive digital platform for all internal and external stakeholders.

According to Aite-Novarica Group, the report provides an overview of the P&C claims management solutions market. Besides being of interest to insurer claims professionals and IT managers seeking insight into the P/C Claims Management Solutions market landscape, the report is also relevant for claims management vendors seeking understand the direction of the market and the changing needs of buyers. The report profiles 24 leading standalone claims solutions and provides an overview of their key features and capabilities, customer base, supported industries, strategic partnerships, key differentiators and roadmap of products.

To read Origami’s review and profile in the Aite-Novarica P/C Claims Management Report, visit: https://www.origamirisk.com/aite-novarica-pc-claims-management-systems-vendor -analysis-report-2022.

About Aite-Novarica Group:

Aite-Novarica Group is a consulting firm that provides essential technology, regulatory, strategy and operations insights to hundreds of banks, insurers, payment providers and investment firms, as well as to the technology and service providers that support them. Comprised of former senior technology, strategy and operations executives as well as experienced researchers and consultants, our experts provide practical advice to our clientele, leveraging the deep insights developed through our extensive network of clients and consultants. other industry contacts. Visit us on the web and connect with us at Twitter and LinkedIn.

About Origami Risk – Core Solutions Division

Origami Risk provides integrated SaaS solutions that simplify insurance, risk, and security for insurers, managing general agents (MGAs), program administrators, third-party claims administrators (TPAs), risk pools, brokers and more. Origami Risk delivers its highly configurable and fully scalable integrated insurance central system, risk management and security solutions from a secure, multi-tenant platform accessible through a web browser and mobile app. Visit origamirisk.com or contact Origami at [email protected]

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