Claims Modernization System
Overview
Fit Score
Settle Intelligence
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SUMMARY
DESCRIPTION
The State of Florida is seeking a vendor to modernize its current claims processing system for insolvent insurance companies. The project involves replacing the existing Online Liquidation Claims Processing System (OLCP) with a new, advanced liquidation claims processing platform. This system will support the processing of claims, management of insurance policies, and facilitate communications related to insurance company insolvencies.
The new solution must provide enhanced data management, workflow automation, and integration capabilities to drive greater efficiency and improve experiences for all stakeholders. Key objectives include streamlining the ability to manage multiple concurrent liquidations, automating claims workflows, reducing manual IT processes, improving data extraction from companies under liquidation, and strengthening communication with claimants, guaranty associations, and other involved parties.
Vendors interested in this opportunity should be prepared to deliver, configure, and implement a comprehensive claims modernization system that aligns with the Department’s operational and stakeholder needs.
Source attribution
This Settle analysis is based on the issuing organization’s public RFP listing.