What is claim processor

Description. Insurance Claims Processor are clerks who process claims for insurance companies. Some of the duties that they perform include processing new insurance policies, modifying existing ones and obtaining information from policyholders to verify the accuracy of their accounts.

What's a claims processor?

Claims processors, also known as claims clerks, work in the insurance industry and are responsible for handling insurance claims. They review claim submissions, obtain and verify information, correspond with insurance agents and beneficiaries, and process claim payments.

What is the main goal of a claims processor?

A Claims Processor is responsible for processing and verifying insurance claims, in adherence to the policies, laws, and regulations of the company involved. Aside from examining its authenticity, they must also oversee new policies and recommend modifications should it be needed.

What are the duties of a processor?

They communicate the requirements to clients, schedule appointments, receive requirements submitted by clients, validate the requirements, and endorse further processing and approval requirements. Processors act as the bridge between clients and other institutions.

What is claims processing software?

Insurance claims management software helps insurers manage and evaluate insurance claims. They allow agents to manage the claims process with automated workflows, ensuring that all claim details are recorded within a centralized system.