P&C Claims Management Solution for Every Stage

Practo Insura’s Claims Suite covers the complete claim lifecycle, from intake to closure, while keeping adjusters, agents, and policyholders connected in real time.

FNOL Processing

Captures and validates the First Notice of Loss through automated intake, policy lookup, and loss categorization.

Rules-Based Assignment

Applies predefined assignment rules and authority matrices to route claims by severity, coverage, or geography.

Claims Assessment & Verification

Performs detailed coverage validation, liability determination, and damage estimation using integrated data sources.

Loss Reserve Adjustment

Manages and updates indemnity and expense reserves in real time based on claim development and exposure.

Settlement Negotiation

Facilitates fair and efficient claim resolution through guided negotiation workflows and documentation tracking.

Subrogation Finalization

Completes the claim payout process with validated approvals, payment disbursement, and accounting reconciliation.

What Claim Management Software can do for you?

Key features of Practo Insura claims management solution .

Policy Validation & Coverage Sync: Automatically cross-verify policy terms, deductibles, limits, and endorsements during claim setup and processing.
Seamless Data Migration: Migrate historical claims and policy data through structured mapping and validation ensuring data integrity.
AI Estimator: Upload damage photos and get an AI-based claim estimate instantly using visual assessment and claim parameters. Helps adjusters speed up evaluations, set early reserves, and reduce settlement turnaround time.
Workflow Rules Engine: Define and automate end-to-end claim workflows with rule-based decisions and exception handling.
Straight-Through Claim Payments: Automate payment authorizations and settlements via secure digital channels.
Line of Business Agnostic: Support auto, property, liability, and specialty lines through configurable rules and forms.

FNOL Integration & Intake Automation: Capture and validate loss details and ensures accurate claim setup and faster triage.
Fraud Investigation: Identify anomalies and potential fraud through behavioral and pattern analysis.
Risk Analytics and Reporting: Monitor claim severity, cycle time, and loss trends in real time.
Subrogation and Recovery: Track recoverable claims, manage third-party liabilities, and reconcile settlements.
Regulatory Compliance: Meet NAIC, DOI, and jurisdictional mandates with configurable reports and logs.
Core System Integrations: Enables a unified insurance ecosystem with policy admin, billing, finance, and document systems.

Why Practo Insura Claims Management Solution?

Claims Management

Increased Operational Efficiency: Automate manual claim processes, minimize errors, and shorten claim cycles. Practo Insura improves claim throughput by up to 40% through intelligent workflows and data-driven decisions.
Access to Real-Time Data: Empower adjusters, underwriters, and management with unified dashboards and real-time visibility into claim status, reserves, payments, and KPIs.
Flexible and Customizable Workflows: Easily configure workflows, authority matrices, and rulesets. Practo Insura’s customizable solution aligns claim handling processes to your business structure and regulatory obligations.
Seamless Integration with Third-party Applications: Practo Insura’s solutions enables you to Leverage pre-built APIs to connect with inspection services, fraud detection engines, repair networks, and banking systems, creating an ecosystem-driven claim experience.
Robust Security and Compliance Standards: Built on secure cloud architecture, Practo Insura meets SOC 2 standards. All transactions are logged with digital audit trails to ensure data integrity and regulatory adherence.