Jewelers Mutual launches claims system powered by DAIS
Jewelers Mutual Insurance Group has built and deployed a new claims system for one of its lines of business, using technology developed by Chicago-based DAIS Technology.
The development of this system took just five months.
“Jewelers Mutual was looking for a claims solution for a new line of business that required substantial configuration and integration with a new type of policy. Existing systems were not able to meet our needs for speed, flexibility and automation.DAIS’s platform provides substantial configuration capabilities, rapid deployment, and a more scalable and secure environment than existing systems. This will give us the ability to drive a superior customer experience. In addition, our work with DAIS highlighted the difference between a traditional system approach and what a purpose-built insurance platform enables, truly affirming our decision to be an early investor in and strategic partner for DAIS” -Scott Murphy, Jewelers Mutual president and CEO.
“Many insurance companies have said you cannot build a claims system in less than 3-5 years. We proved them wrong. This success shows the power of bringing modern technology and a platform approach to the insurance industry.” – Jason Kolb, DAIS’s CEO.
Jewelers Mutual’s claims system is the first full line of business deployment of DAIS’s claims system built on DAIS’s flexible, cutting-edge carrier platform, instead of building on the features of a rigid point solution. DAIS’s platform microservices cover key functions like claims, policy, collaboration and distribution. These microservices can be integrated into coherent systems in months, instead of years or decades, giving carriers unprecedented flexibility and ability to innovate.