5 July 2016USA analysis

Megalodon introduces claims management system

Megalodon Insurance Systems has introduced a client-centered policy and claims management software aimed at captive managers, risk retention groups and small to medium-sized insurers.

The web-based system allows for navigation between policy, claims and billing platforms that can be accessed by underwriters or claims representatives on a single screen. It includes all internal external email communications with or about a client.

The system was shown at the Insurance Accounting & Systems Association Annual Education Conference and Business Show in San Antonio, Texas.

"Megalodon's mission is to provide captive managers, risk retention groups and small to mid-size insurers with industry leading technology with pricing that doesn't cause sticker shock," said Megalodon founder and chief executive officer, Bill Montei.

"By reducing implementation and customization costs and using the software as a service (SaaS) model, Megalodon is able to bring an all-in-one system into reach with affordable upfront licensing and maintenance costs along with expert change management to help with a smooth implementation."