MLC Life Insurance is looking to provide enabling technology to underpin its claims transformation program, and has partnered with ClaimVantage following a successful implementation phase.
MLC Life would process its retail Income Protection and Totally and Permanent Disability claims using the ClaimVintage new claim management cloud-based and automated solutions platform, ClaimFirst moving forwards.
Use of the platform would enable the life insurer to utilise a digital database to store all claims information and improve the speed of processing and build efficiency in making claim decisions.
The launch places MLC Life as the second Australian customer to launch the ClaimFirst solution.
The insurance company has joined this year’s awards as a principal partner.
The $135 billion fund has transitioned away from TAL Life Insurance following an “extensive tender process”.
The $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member consent.
In a Senate submission, the Financial Services Council has once again called for further clarification that the government will assess the consumer outcomes of group insurance against the enshrined objective of superannuation.