HONOLULU and NEW YORK, Feb. 4, 2009 (GLOBE NEWSWIRE) -- BlueWave Technology is pleased to announce the company's flagship claims management system for property/casualty insurance companies, PipelineClaims, was featured in a recent report published by Celent, a Boston-based research and advisory firm specializing in financial services.
Celent's report, "Core Claims System Vendors 2008" by Donald Light, profiled 21 vendors with claims systems available today. The report identified claims as "an area that insurers are upgrading and vendors are offering enhanced solutions," and went on to note PipelineClaims is the "newest solution covered" in the report, and "...it is based on modern technology, written from the ground up in Java using the J2EE framework."
"The user interface is attractive and well designed," said Donald Light, senior analyst on Celent's insurance team and author of the report. "BlueWave has put a great deal of effort into designing ease-of-use features for adjusters."
The software vendor profiles in the report each include 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. Additionally, BlueWave's profile specifically notes some of the attributes adjusters will appreciate which are incorporated into the PipelineClaims user interface, such as current diaries, clickable icons, and the ability to open multiple claims simultaneously.
"PipelineClaims was built by insurance professionals who put a great deal of thought into making the adjuster's life as easy as possible," said Riki Fujitani, president and CEO of BlueWave Technology. "The ease of navigation and highly intuitive user interface may be the first things you notice about Pipeline Claims, but underneath is a highly customizable and configurable system that gives power back to the business. We believe that is where PipelineClaims adds value, by being the best technology at the lowest total cost of ownership. Small- to mid-size carriers seem to especially appreciate this value proposition."
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 contact Renata Bell at 808-227-5043 or rbell@bluewave-technology.com.
About Celent
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies (NYSE:MMC). For more information about Celent or the report, "Core Claims Systems Vendors 2008," please contact info@celent.com.