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What is Capsule?

Capsule is a pioneering software solution designed for enrollment and billing, specifically tailored to enhance the services provided by Third-Party Administrators (TPAs), insurance companies, and associations. Developed by MPB Solutions LLC, this application utilizes state-of-the-art technologies to establish a benchmark in enrollment procedures, alongside comprehensive billing and remittance capabilities. It efficiently generates invoices for various insurance premiums by integrating enrollment data with unique business logic that caters to the intricacies of billing management. With a focus on reliability, accuracy, and user-friendliness, Capsule has preserved its foundational code for nearly seven years, consistently producing over 1,000 invoices each month and effectively managing the needs of approximately 80,000 employees and their dependents, which highlights its high performance with minimal errors or disruptions in service. Additionally, the platform features a redesigned user interface that aims to greatly optimize monthly billing tasks, thereby improving both operational efficiency and user experience. In essence, Capsule not only embodies a remarkable step forward in enrollment and billing software but also serves as an essential resource for organizations operating within the insurance industry, ensuring they can navigate complexities with greater ease and effectiveness.

What is AI Insurance?

AI Insurance represents a cutting-edge, cloud-based solution that leverages artificial intelligence to streamline and automate various insurance management tasks for program managers, captives, third-party administrators, and risk retention groups. This comprehensive platform merges numerous functionalities into a single, user-friendly interface, encompassing claims management, financial oversight, digital portals, application processing, premium billing, policy issuance and signing, rating engines, and extensive data management. A notable aspect of this system is its AI-enhanced automation, which includes invoice auditing features that scrutinize defense counsel invoices against predetermined guidelines to prevent unauthorized legal charges, in addition to application parsing that quickly extracts and inputs data from submitted applications. Additionally, the platform features indemnity prediction tools that reportedly improve accuracy by 25% over conventional adjusters after a year of usage, facilitating more accurate cost estimates and recommendations for claims management. By integrating these advanced capabilities, AI Insurance emerges as a crucial resource in the transformation of insurance management, significantly benefiting organizations looking to enhance their processes and minimize mistakes. As the insurance landscape continues to evolve, platforms like AI Insurance are likely to play an increasingly vital role in shaping industry standards and practices.

Media

Media

Integrations Supported

Nectar Desk

Integrations Supported

Nectar Desk

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$1,089 per year
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Capsule

Company Location

United States

Company Website

mpb-solutions.com/home/why-capsule/

Company Facts

Organization Name

AI Insurance

Company Location

United States

Company Website

aiinsurance.io

Categories and Features

Categories and Features

Insurance Claims Management

CRM
Claims tracking
Customer portal
Document management
EDI data exchange integrations
Electronic claims
Fraud management
Reporting

Insurance Underwriting and Rating

Broker / Agent Portal
Carrier Upload
Commercial Lines
Comparative Insurance Rating
Customer Portal
For Casualty Insurance
For Health / Medical Insurance
For Life Insurance
For Personal Insurance
Multi-State
Multiple Line Rating

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