The Claims Motor sub-module provides you with the ability to register submitted claims for motor vehicles on the insured policies and specify the responsible parties, accident type, accident result, accident place, etc.
The system maintains the information of claims and the transactions applied on these claims, such as the reserve, payment and recovery of claims. Thus, all financial information about the claim processing is saved, which allows you to close the claim when required. The system also allows you to reopen a claim, taking into consideration some principles to prevent confusion in data integration.
One of the main and most important features of this system is that it allows you to make the best estimate of what your company will pay for claims. Accordingly, you can build the reserve for claim interests for all concerned parties, in an efficient way that will assist in future auditing.