MADISON, Wis. - Performance Claims has announced the implementation of Performance Claims 3.0, which it says marks a complete overhaul and reengineering of the Performance Claims product, including deployment of the new BMS standard.
Paul Barry, CPCU, Vice President of IT Development at Performance Claims, stated, “We made a strategic investment to prepare for continued growth and bring leading edge technology to our existing clients, giving them an architecture that can easily integrate with their trading partners."
The development of Performance Claims 3.0 included:
- Designing all new databases based on the CIECA BMS standard;
- Completely recoding the entire product into a new development framework to provide a much more flexible and configurable product for the future;
- Consolidating business rules out of the code and into rules engines so they are much more configurable for the future; and
- Expanding the platform to handle multiple assignments on a single claim and creating the ability to forward assignments onto secondary appraisal sources.
Performance Claims said the benefits of the release include:
- BMS Based Architecture, with BMS “clearly emerging as the de facto standard for the future. Performance Claims is 100 percent compatible and positioned to leverage the benefits of BMS as they evolve. “
- Security: The new Performance Claims framework includes a number of features that make it more secure and safe from vulnerability / intrusion. This ensures data is more secure.
- Scalability / Extensibility: The company says the actual impetus for the creation of Performance Claims 3.0 was the result of two requests from California Casualty and other insurers. The first, to be able to extend an assignment from one appraisal source to another without the need for rekeying of information and the second was simplified integration with industry trading partners. As a result of these projects the company determined “the right path for the future was a fundamental adoption of the BMS model and a reengineering of our databases and interface.”
Tim Clark, CPCU, Vice President of Insurance Services for Performance Claims, noted, “BMS is a tangible solution for reducing costs, improving flexibility, and speeding-up implementation for all industry trading partners.”
