Released on: November 5, 2007, 7:58 am

Press Release Author: BeyondPR

Industry: Software

Press Release Summary: AquariumClaims has the case management software solution to
the rising numbers of insurance claims due to natural disasters.

Press Release Body: AquariumClaims has the case management software solution to the
rising numbers of insurance claims due to natural disasters. Reports have said
claims for damages incurred by natural catastrophes are rising at twice the rate of
any other type of claim. California was recently ravaged by forest fires fed by wind
storms. Around 14,000 insurance claims have already been filed. Insurers may have to
pay up to $1.6 billion in claims. Making the case handling process faster and
smarter is AquariumClaims software.
Insurance claims will continue to rise over the coming years due a repeatedly
disruptive climate. The Insurance Information Institute said the fierce Santa Ana
winds, which drove the blazes through the southern part of the state, caused
sufficient damage. As many as 24 separate wildfires ravaged more than 500,000 acres,
destroying 2,300 buildings and causing at least 12 deaths.
In the UK, the insurance industry received around £3 billion in claims as a result
of the summer flooding in the north and south. Twenty years ago, 'The Great Storm'
swept through the south of the country, killing 18 people and leaving insurers
facing claims of more than £1.05 billion.
With these changes in weather patterns leading to greater numbers of insurance
claims, fast and efficient handling of the claims is vital for the insurance
industry. New and improved claims management software from AquariumClaims makes the
process simpler, smarter and swifter for claims companies. AquariumClaims is a
state-of-the-art claims management software solution specially designed for fast
growth claims companies. Version 2.1 delivers even more benefits to the user,
further speeding up the claims handling process.
"As the effects of climate change becomes more apparent, insurance claims as a
result of natural disasters are continuing to rise. Under these circumstances, the
task of handling claims is becoming tougher for the insurance industry. There are a
greater number of cases to handle, but at the same time claims companies have to
work faster and more efficiently. This is where AquariumClaims delivers. The new
easy-to-use features in Version 2.1 make it an even better product, delivering
greater simplicity and reliability to the claims handling process," said Aquarium's
product marketing director Mark Colonnese.
Claims software from Aquarium has been designed specially for claims handling
businesses. It is quick to set up and is available at a comparatively lower cost. It
uses the latest web-based technology giving users a powerful solution at a cost that
traditional software providers cannot match.
Aquarium has set up a "60 second" online test which allows claims companies to
compare their current processes with state-of-the-art claims processing using
AquariumClaims. The test is free and confidential, and the results are emailed back
immediately to the user. Interested claims managers can take the AquariumClaims
online test at www.aquariumclaims.com.

For further information contact Aquarium Software, free of charge, on 0800 781 7570
or visit www.aquariumclaims.com

Notes to editors
Traditional software is installed locally on the user's own server, so requires the
user's IT staff to install and update the software. By using a Software as a Service
(SaaS) model, Aquarium does away with this, taking care of installation, maintenance
and upgrading of the software as well as secure data storage. The company has also
revised its pricing model so, instead of the traditional upfront license costs,
ongoing maintenance charges and heavy consultancy set-up fees, Aquarium can offer
users faster start-up and much more flexible pay-as-you-go pricing, if they want.



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www.beyondpr.co.uk
Ref: ECA017 - Fire claims