HONOLULU, HI--(Marketwire - Jul 13, 2011) - BlueWave Technology™, a leading provider of property/casualty claims software, announced today the availability of PipelineClaims Version 5.0, an upgrade to the company's modern web-based claims administration system which now supports the ISO ClaimSearch Universal Format.

"We're excited to release Version 5 since it introduces new flexibility and efficiencies for our clients, both key principles in the development of PipelineClaims. This version builds upon the core technology platform of PipelineClaims that centralizes management of the full claims lifecycle from first notice of loss (FNOL) entry through claim investigation, settlement and closure," said Alyssa Hostelley, president of BlueWave Technology.

PipelineClaims Version 5.0 features a highly-intuitive, web-based user interface (UI) along with numerous options for system configuration and customization. In addition to enhanced financial administration and workflow configuration, PipelineClaims V5.0 features multi-line support of ISO ClaimSearch Universal Format out-of-the box. The much-anticipated support empowers clients to reduce data-entry while leveraging ISO services such as ClaimSearch, ClaimDirector, and Medicare Secondary Payer Reporting Service, allowing claims departments to more easily comply with Medicare reporting, a federal requirement that has pressed insurance companies to seek modern technology to ease administrative burdens.

Developed with configuration and integration as key architectural priorities, PipelineClaims 5.0 allows insurers the ability to use pre-configured values, business rules and workflows to expedite implementations or tailor them to company-specific needs. Support of flexible business rules and workflow management automate processes, providing company-wide claim best practices and operational efficiencies. In addition, PipelineClaims was built on a flexible and proven Java architecture which enables the application to integrate seamlessly with other core systems in any IT environment.

Recently recognized at Insurance Networking News' and Celent's VIP Awards for the innovative implementation at Narragansett Bay Insurance Company, BlueWave Technology was also one of the companies which helped Farmers Alliance Mutual Insurance earn the respected 2009 Celent Model Carrier of the Year Award.

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, call 866.927.9981 or email info@bluewavetechnology.com.