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Kayla Chatkiewicz

VCA Has A New SVP of Corporate Development

By Press Room No Comments

John Varghese, CEO of Virtual Claims Adjuster Inc., is pleased to announce the appointment of Archie McIntyre to the role of Senior Vice President, Corporate Development, effective immediately.

Archie is a Michigan based C-level insurance industry executive with experience in carrier and fee for service operations. He has proven business development capabilities and operational expertise. Archie will add leadership in Sales, Marketing and Program Management, leveraging his strong understanding and representation of technology, underwriting, claims, loss control and finance.

“We are fortunate to be able to add such an experienced and versatile professional like Archie to our senior management team”

– John Varghese

Please join us in welcoming Archie to the VCA family.

For more information please reach out to your CSR or contact us. Thank you.

“VCA has combined a hard-working team with best of class advanced technology leadership. I am impressed by full service offerings of our platform, the speed of onboarding, run rate costs and the integrations we have with carriers, administrators, and vendors.”

– Archie McIntyre

With offices in Detroit and Toronto, VCA is a privately held SaaS company specializing in claims management software and web-based technologies for various industries. VCA’s flexibility has allowed it to become a highly valued business system deployed worldwide, serving a range of customers from locally owned claims handling offices to large international corporations.  VCA’s current client base has a strong presence in the insurance sector including independent adjusting firms, public adjusters, third party administrators, insurers, self-insured companies, appraisal firms and large volume catastrophe companies. In addition to the insurance sector, VCA has clients in verticals ranging from governments, school boards, utilities, property management, retail, transportation and law firms.

VCA Has A New CEO

By Press Room No Comments

We are excited to announce the appointment of John Varghese to the role of President & Chief Executive Officer (CEO), effective immediately.  

John brings with him a proven background in team building and leading high growth software companies in North America. As the leader in claims management software, our goal is to provide cutting edge tools that allow our clients to not only manage their claims and incidents effectively but to also streamline processes to increase their bottom line. John shares that vision and is paving the way to better serve our existing clients as well as adding the infrastructure to expand across multiple verticals, which will allow us to help even more firms worldwide. 

Our Founder and CEO is continuing as he has always done and is focusing his expertise in a more direct way as Chief Technology Officer.

Please join us in welcoming John to the VCA family. 

For more information please reach out to your CSR or contact us. Thank you.

“I am extremely proud, honoured and excited about having the opportunity to work with such a great company and lead VCA into the next stage of its strategic development.”

– John Varghese

With offices in Detroit and Toronto, VCA is a privately held SaaS company specializing in claims management software and web-based technologies for various industries. VCA’s flexibility has allowed it to become a highly valued business system deployed worldwide, serving a range of customers from locally owned claims handling offices to large international corporations.  VCA’s current client base has a strong presence in the insurance sector including independent adjusting firms, public adjusters, third party administrators, self-insured companies, appraisal firms and large volume catastrophe companies. In addition to the insurance sector, VCA has clients in verticals ranging from governments, school boards, utilities, property management, retail, transportation and law firms.

Build or Buy? The Hidden Costs of Claims Management

By Claims Management No Comments

A familiar phrase often used when frustrated at the inability to get things gone just the way we want. At first glance, an in-house solution could be the perfect fit – you can create something from the ground up that is built to work with your current infrastructure. But one thing within businesses and organizations remains inevitable and is constant in today’s business world, and that is change. Although you could potentially solve some of your current issues, your business processing and reporting needs would likely change. This is where an in-house system can become problematic. How? In a typical organization, each department seeks tools and processes to optimize productivity. From the business aspect, new legislation could be passed, changing the claim handling requirements; the company could explore new lines of business; new reporting requirements can be introduced. On the technology side, we already see daily changes with respect to data privacy, security, assessments and infrastructure certification requirements.

The problem with building an in-house solution is that its logic and functionality rely on the business case and current processes that affect your business today, and can quickly find itself outdated and unusable. This is the challenge of building an in-house system.

Understanding Secondary Costs

The cost of an in-house solution is often under-estimated since there are a number of factors that come into play. It can become highly challenging to know the total amount of a developer’s time required to build an entirely new application. The initial goal of a claims management system may only be to aide in claims handling practices, but more goals and features can be added on and “Scope Creep” can occur quickly, with the project expanding to include other benefits. If you consider the cost of a qualified business analyst and development team, the costs can add up fast – not to mention the time employees spent away from their core duties when using in-house personnel.

Master of Your Domain

When you build something yourself, you know all its subtleties inside and out and if problems occur, there’s no need to call outside technical support since your programmers can quickly create patches and updates. But this approach is not without it’s drawbacks. What will happen when the in-house experts are no longer with the organization? You’ll find yourself stuck with a proprietary system that no one knows how to use or fix when inevitable problems arise.

On another note, internal expertise is limited to those that have been trained, and once trained a fairly aggressive knowledge transfer process will need to be put in place to ensure that this knowledge survives the resource. In the end, it can be difficult to prevent an in-house solution from becoming costly or impossible to maintain. Hidden costs and future costs of ownership may make you question if this is the right path for you.

Proof

Let’s assume that a company, ABC Insurance, needs to develop a claims management solution. They first consider the cost of staffing:

Estimating 6 to 9 months for initial development and testing, the phase 1 employee cost alone can range from $515,000 to $787,500 and the opportunity cost involved in taking developers away from core projects that generate revenue and support the business becomes difficult to calculate.

Now let’s consider ABC’s time-to-market issues. The insurance market is a very competitive environment – XYZ Insurance is nipping at their heels in pursuit of next generation claims service. The difference? XYZ Insurance has chosen to use a third party claims system that can be deployed immediately.

Future years see ABC Company finding themselves less effective, less productive and unable to meet the same standards of customer satisfaction. They are forced to build internal departments responsible for maintenance, system updates, testing and infrastructure security. What started as a cost saving decision has forced them to become a technology business, splitting their focus to keep up with the changes in both the insurance and technology worlds.

In The End

The initial reaction may be to build a solution internally. Building in-house certainly is not always a bad idea when highly specialized requirements exist. However if your organization is likely to face the changes above, then a third party solution merits some further investigation.

A good claims management solution should offer an easy to use interface and a flexible workflow in order to ensure it can adapt to your organizations environment. Your chosen vendor should have a range of experience and offerings, and should be constantly adding to its platform to ensure it will fit your needs for today and tomorrow.

So while it’s true to get something done right, you sometimes have to do it yourself, it’s also true that you shouldn’t have to reinvent the wheel.


Virtual Claims Adjuster was born after 10 years of offering consulting services to many fortune 500 companies. Having the rare perspective of both selling custom development services as well as offering a cloud based claims management suite, has allowed us to analyze the hidden pit falls that are overlooked in the build or buy debate. The good news – we can help you with both. Contact us today: