Benekiva Partners with GovCIO to Modernize the Department of Veterans Affair’s Life Insurance Claims Processing
2024年5月23日 - 11:51PM
Benekiva, a leading provider of cloud-based claims automation
solutions for the insurance industry, today announced a strategic
partnership with GovCIO, a rapidly growing provider of advanced
technology solutions and digital services to the federal
government. Leveraging GovCIO's expertise alongside Benekiva’s
cutting-edge Claims Platform and Portal360, this collaboration aims
to enhance efficiency, transparency, and expediency of life claims
for veterans and their families, including those covered under
VALife, the life insurance program administered by the Department
of Veterans Affairs (VA).
The partnership between Benekiva and GovCIO will enable VA Life
Insurance to streamline their life insurance claims process to
improve timely claim payouts for beneficiaries of all programs
administered by the VA, including VALife, Servicemembers’ Group
Life Insurance (SGLI), Veterans’ Group Life Insurance (VGLI),
Service-Disabled Veterans Life Insurance (S-DVI), and all older VA
insurance programs. Overall, this collaboration intends to deliver
a more empathetic experience for bereaved families, reflecting VA
Insurance's commitment to providing reliable, efficient support for
Veterans and their families.
"We are proud to partner with GovCIO in this crucial initiative
to modernize the VA’s life insurance claims processing,” said Soven
Shrivastav, Co-Founder and CTO of Benekiva. “Benekiva is dedicated
to ensuring that veterans and their families receive the benefits
they deserve in a timely and efficient manner. Our configurable
claims platform, alongside our Innovation Gateway, Data
Configurator, and flexible API, will play a pivotal role in
streamlining the claims process. These tools will enable access to
previously inaccessible data and integrate disparate systems,
ultimately reducing processing times, eliminating manual errors,
and enhancing the efficiency and transparency of veteran life
claims. Moreover, with Benekiva Portal360, VALife claimants will
have secure and user-friendly access to real-time status updates,
fostering greater transparency through the claims process.”
“GovCIO is committed to ensuring that veterans receive the
benefits they deserve,” said Kristin Gill, Sector President of
Veteran and Enterprise Technology Services at GovCIO. “GovCIO is
honored to continue serving our deserving Veteran community to
modernize VA Life Insurance and leverage modern technical solutions
to deliver new, innovative products. Partnering with Benekiva’s
advanced claims platform and leveraging our own expertise in
technology and digital services, we can simplify the VA’s life
insurance claims process and provide essential support to veterans
and their families.”
The combined expertise of Benekiva and GovCIO will optimize
VALife claims operations, improving efficiency and reducing
administrative burdens so VALife can focus on honoring veterans'
service and their families in a time when they need it most.
About BenekivaBenekiva is a leading provider of
cloud-based claims automation solutions for the insurance industry.
Our Software-as-a-Service (SaaS) platform seamlessly integrates
with any existing core system to deliver a collaborative, automated
claims experience. From intake to payout, Benekiva offers a
comprehensive solution for all life, annuity, long-term care, and
disability insurance products. We work closely with carriers to
create a scalable implementation plan, ensuring a rapid return on
investment. Visit https://www.benekiva.com for more
information.
About GovCIOGovCIO is a rapidly growing
provider of advanced technology solutions and digital services for
the federal government. Combining our extensive federal experience
with the latest innovations in IT and disruptive approaches, our
experts develop comprehensive solutions to meet the most pressing
demands of today’s government agencies. From the U.S. military to
Health and Human Services, we have an impressive track record of
helping our customers optimize how they operate. GovCIO is
transforming government IT, empowering our federal customers to
meet the challenges of today while building the government of
tomorrow.
Let us show you what we can do. Visit www.govcio.com for more
information.
About VALifeVALife, administered by the
Department of Veterans Affairs (VA), provides essential life
insurance coverage for veterans and their families. Committed to
honoring veterans' service, VALife offers a range of insurance
products tailored to meet their unique needs. From term life
insurance to mortgage protection, VALife ensures financial security
for veterans and their loved ones. With a focus on efficiency and
excellence, VALife supports veterans throughout their lives. Visit
https://www.choose.va.gov/life-insurance for more information.
Media Inquiries:Maura Gilson-O’DonnellDirector
of MarketingBenekivamaura@benekiva.com