《The Icons》interviewed Eric Yang, the founder of EZclaim, at the Consumer Electronics Show (CES) 2023, where his company’s latest product, EZclaim Business Insurance pre-claim platform, was unveiled. EZclaim is a software company that provides solutions to streamline insurance claims processing. Their newest offering is a game-changer for the insurance industry as it leverages advanced technology to simplify the process of calculating claims.

Yang explained that their software works by integrating machine learning algorithms, artificial intelligence, and big data analytics to automate the insurance claim calculation process. The system utilizes historical data, including the claimant’s policy information, medical reports, and relevant documents, to estimate the claim’s value accurately. The software considers factors such as the severity of the injury or damage, medical expenses, lost income, and legal fees to arrive at a precise estimate.

“Our solution automates the entire process, making it faster, cheaper, and more accurate.” said Yang.

The EZclaim Business Insurance pre-claim platform also comes with a dashboard that allows insurance adjusters to track and manage claims more efficiently. It provides them with real-time insights into the status of each claim, enabling them to prioritize their workload and respond to customers’ inquiries promptly.

Yang added that their product is not only beneficial to insurance companies but also to policyholders. By providing a more accurate and timely claims calculation, customers can receive their payments faster, reducing the financial burden of unexpected expenses.

“Our software improves customer satisfaction by making the claims process more transparent, faster, and fairer,” said Yang. “It is a win-win for both insurance companies and policyholders.”

Aside from the benefits it brings to the insurance industry, EZclaim Business Insurance pre-claim platform also aligns with environmental, social, and governance (ESG) and Sustainable Development Goals (SDGs) goals. The system reduces paper usage and carbon footprint by digitizing documents and automating the process, thus promoting sustainable practices in the industry.

“As a software company, we believe in leveraging technology to create solutions that make a positive impact on people’s lives,” said Yang. “We are proud to introduce the EZclaim Insurance Claim Calculation software and look forward to helping insurance companies and their customers achieve their goals.”