Save Time With VCA Lloyd Claim Management Software

Complying with Lloyd’s of London reporting requirements can eat up time, preventing you from focusing on other tasks that could help your business grow. VCA’s Lloyd claim management software automates reporting, potentially saving you hours and hours every month while reducing the risk of error.

Speed

Say goodbye to time-consuming calculations. What used to take hours can be accomplished in seconds thanks to VCA automation.

Precision

Manual entry isn’t just a bore – it’s a chance for human error. VCA leverage automation to support precise Lloyd’s reporting.

Compliance

You can’t take on Lloyd’s business without dealing with Lloyd’s reporting compliance. VCA makes the bordereau report easier than you ever thought possible.

Key Features of Lloyd Claims Management Software

Reporting

Reporting is built into the module and populates automatically. Gone are the days of copying and pasting information between spreadsheets!

Data Capture

Lloyd’s data is captured within each claim file for easy processing. When you’re ready to run a report, you already have all the information needed.

Automation

Client fields pull through from the client contract automatically. This is just one more way that VCA Software makes Lloyd’s compliance effortless.

We’ve built a module that will help you mitigate risk and is 100% compliant with the Lloyd’s of London and industry standards. With VCA you can take advantage of the Lloyd’s market without the headache, or risk.

Solve Your Biggest Lloyd Reporting Headaches

Lost Time
Data Entry Errors
Burnout

Lost Time

There are only so many hours in a day. If you’re spending a big chunk of your time on Lloyd’s reporting, other tasks have to fall by the wayside. VCA automates reporting so you can run a bordereau report in seconds.

Data Entry Errors

No matter how careful you try to be, manual data entry runs the risks of human error, especially when you’re dealing with lengthy reports. Automation eliminates human error and provides peace of mind.

Burnout

When you automate tedious tasks, your team can focus on more rewarding endeavors. The result is a more rewarding job with less stress and risk of burnout.

Key Advantages

Self-insureds and captives can operate more effectively when their claims platform includes two key functions: First, they need configurable fields, workflows and reports that adapt to their requirements to create an efficient claims process. Second, they need the ability to pull data from the claims so they can leverage predictive analytics, maximize the money they get back, and ultimately take on more risk. The VCA platform accommodates both of these needs and more.

Configure fields to meet the unique needs of your industry

Plug and play with other platforms

Automate steps in the claim workflow for faster resolution

Customize the FNOL to capture important datapoints

Accurately track payments, reserves and total exposure

Create real-time
loss runs

Leverage recovery details to maximize subrogation

Hear What Others Say About VCA Lloyd Claims Management Software

"This software clearly demonstrates a fine marriage of technology and real-world claim handling requirements. It is particularly well adapted to the requirements of the Lloyds market and responds equally well to the local market.”

"We chose VCA because of its flexibility to meet our clients' varied needs for communications, financials and reporting. VCA was able to craft to those needs without forgoing any of the larger, broad based out of the box features the product provides. In short, VCA gave us and by extension, our clients, the best of both worlds. The software is intuitive and delivers essential real time information to our clients when they need it.”

Key Advantages of the Lloyd’s Claims Management Software

Compliance

VCA reports are 100% compliant with Lloyd’s of London requirements.

Formatting

Reports are formatted for Lloyd’s specifications.

Calculations

Bordereau calculations are accomplished automatically.

Data Pulls

Information populates automatically from contracts and claims.

How VCA Lloyd Claim Management Software Works

Set-up Contracts

Before you tackle individual claims, set up our Unique Market Reference (UMR) contracts. To do this, you’ll need to fill out the fields to provide all of the relevant information, such as risk codes. Getting this set up with take a while, but you only have to do it once. After it’s set up, the module will pull the information to automate reports.

Identify Claims

When entering claims, identify them as Lloyd’s claims. The VCA system will then show fields related to Lloyds, and the details from your UMR will populate automatically.

Run Reports

Just click the Admin icon and select Administrative Reports. As long as the Lloyd’s module is turned on, the standard reports for Lloyd’s appear right there with the other reports in the VCA system.

Frequently Asked Questions About Lloyd’s Claims Management Software

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Save Time With VCA Lloyd Claim Management Software

Speed

Precision

Compliance