Overview
Korr is an operating system for claims processing and policy administration for Life and LTC carriers.
Key Features
- Policy administration
- Premium collection (billing)
- Letters and correspondence
- Commissions
- Claim intake
- Claim eligibility
- Claim payments
- Analytics
- Rate increase module
- Underwriting
- Benefit changes and downgrades
- Document generation
- Fully migrate legacy data to the cloud
Key Benefits
- Operations: Improve operational efficiency and reduce IT spend (30-40%)
- Legacy Systems: Consolidate and decommission legacy systems through data migration
- Scale: Scale policy administration, quoting, underwriting, and claims systems to meet peak demand
- Speed to Market: Improve speed-to-market with better product configuration tooling and rating engines
- Connectivity: Simplify and improve connectivity to policy holders, agents, brokers, and the partner ecosystem
- Accuracy: Improve business intelligence, underwrite risks with more accuracy, and reduce claim costs
- Data: Improve insights with built-in analytics and business intelligence
- Employee Retention: Improve employee retention and support work-from-home
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