HONOLULU, HI and NEW YORK, NY--(Marketwire - February 4, 2011) - BlueWave Technology is pleased to announce the company's flagship claims management system for property/casualty insurance companies, PipelineClaims, has been recognized in a recent report published by Celent, a Boston-based research and advisory firm specializing in financial services, as "modern, intuitive, and well-designed."
PipelineClaims is a rules- and tools-based, Java web application that combines traditional claims administration with business process management (BPM). BlueWave Technology's solution features an intuitive, browser-based user interface (UI) on a flexible, scalable technology platform which allows for seamless integration with existing in-house systems. PipelineClaims' configurable workflows make it possible for insurers to automate processes and change business rules without an additional investment in professional services.
"References were quite positive about the system's features and functions, especially financial features such as payments and reserving (...) and reported good to excellent implementation experiences, including the on-time and on-budget dimensions," said Donald Light, senior analyst on Celent's insurance team and author of the report, "Claims System Vendors: North American P/C Insurance 2011."
Further, the profile of Bluewave Technology and PipelineClaims features an overview of the company's background and product highlights; information about the product's basic and enhanced functionality, as well as product breadth; plus, details about technology, usability, reporting, analytics, implementation timeframes and costs.
Recognized as the "Company to Watch for 2009" at the VIP awards by Insurance Networking News and Celent, BlueWave Technology's 2011 to 2012 product roadmap for PipelineClaims includes integration of ISO ClaimSearch, support for bulk payments, email integration, mobile application support, and upgrades for both the workflow and rules engines.
"We are very pleased that this report recognizes the benefits that can come from implementing a claim management system built on a modern platform that provides flexibility and integration options for insurance carriers," said Riki Fujitani, president and CEO of BlueWave Technology. "We believe inclusion in this Celent report reinforces BlueWave Technology's PipelineClaims as a smart choice for insurance carriers looking to modernize legacy claim systems."
About BlueWave Technology
BlueWave Technology, developer of PipelineClaims, a state-of-the-art, browser-based, technology solution that combines core claims administration capabilities with business process management (BPM) and configurable business rules, offers rich functionality to help property/casualty insurance companies, third-party administrators (TPAs), and self-insured organizations improve customer service, enhance profitability, drive down claim costs and increase customer retention rates through modern technology with the lowest total cost of ownership (TCO) available in the insurance industry today. For more information about BlueWave Technology or PipelineClaims, please visit www.bluewavetechnology.com, email info@bluewavetechnology.com, or call 866.927.9981.
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