Claims management software is a silver lining for a rise in car insurance claims

Released on: November 26, 2007, 8:31 am

Press Release Author: BeyondPR

Industry: Software

Press Release Summary: Aquarium Software is adept in handling all manner of claims
swiftly and efficiently

Press Release Body: Drivers are claiming more than ever for accidents due to bad
road structure, meaning that insurance claims are rising sharply. Furthermore, local
authorities are struggling to make ends meet over road maintenance which is
resulting in more accidents and compounding the problem. AquariumClaims, an
innovative web-based case management software solution developed by Aquarium
Software of Hale, Cheshire, is adept in handling all manner of claims swiftly and
efficiently - providing an industry solution to the increased pressure face by
insurance companies handling a surge in claims.

Ironically, pay-outs from local authorities mean that roads and pathways worsen as a
result of under-funding. Last year alone, English authorities paid out 47.3 million
in settling claims relating to vehicle damage or accidents and the result is that
less can be spent on the most basic of maintenance to roads. About four in five
local authorities in England believe driver safety is being put at risk because of
the low amount of remaining funds. The main claimants were victims of pothole damage
to cars, and even pedestrians injured through tripping over.

The Asphalt Industry Alliance (AIA) believes that the road maintenance shortfall for
England is 1.64 billion, and they said that planned investment is required to end
the 'cycle of under-investment'. The alliance also predicted that it would take
local authorities nearly 11 years to clear the country's maintenance backlog, and
that is only if adequate funds are available. English local authorities are
currently receiving just 32% of the budget needed for road maintenance - London is
the forerunner with 58%, but this is still an unsatisfactory figure. The AIA also
reported that, on average, most main roads are only properly resurfaced every 73
years.

For the foreseeable future, drivers claiming for incidents due to road structuring
will continue to flood in, which puts pressure on insurance companies. A fast and
efficient system will be required to deal with the upsurge, and this is where
AquariumClaims will shine. The new and improved version of AquariumClaims claims
management software makes the process simpler, smarter and speedier for claims
companies. AquariumClaims is a state-of-the-art case management software solution
specially designed for fast growth claims companies. Version 2.1 delivers even more
benefits to the user, further speeding up the claims handling process.

"There will always be a large number of insurance claims from road users. Worsening
road conditions will exacerbate the problem, and cause increasing pressure on
insurance companies. This is where AquariumClaims delivers. The new easy-to-use
features in Version 2.1 make it an even better product, delivering greater
simplicity and reliability to the claims handling process," said Aquarium's product
marketing director, Mark Colonnese.

AquariumClaims is designed to be quick to set up and is available at a comparatively
lower cost. It uses the latest web-based technology giving users a powerful solution
at a cost that traditional software providers cannot match.

Aquarium has set up a "60 second" online test which allows claims companies to
compare their current processes with state-of-the-art claims processing using
AquariumClaims. The test is free and confidential, and the results are emailed back
immediately to the user. Interested claims managers can take the AquariumClaims
online test at www.aquariumclaims.com.

For further information contact Aquarium Software, free of charge, on 0800 781 7570
or visit www.aquariumclaims.com




Web Site: http://www.beyondpr.co.uk

Contact Details: Media Contact: BeyondPR. Tel: 0114 275 6996. Mob: 07930 697773.
www.beyondpr.co.uk
Ref: ECA023

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