itootechnologies

Insurance Recovery
Management System

An End-to-End Blockchain Solution for Transparent Claims, Fraud Prevention, and Ecosystem-Wide Trust

Curious?

Powering faster, fairer, and more transparent insurance recovery system with Blockchain

The Insurance Recovery Management System uses blockchain technology to streamline the entire claims process. It creates a secure, shared ledger that eliminates paperwork, prevents errors, and gives all authorized parties – insurers, garages, and government agencies – real-time access to claim statuses and payments. Smart contracts automatically process claims according to predefined rules, making settlements faster and completely transparent.

Streamlined Insurance
Recovery with Blockchain

A secure, automated system that eliminates disputes with tamper-proof records and smart contracts, giving all parties real-time visibility into claims and payments.

Want to learn how it works?

Minimizes the reconciliation effort by providing a single immutable ledger for all the involved relevant parties and avoiding data discrepancies

Immutable and transparent transaction records provides a secure andtraceable history of transactions.

Smart contracts automate the claim process, ensuring efficientsettlement based on predefined rules

An End-to-End Workflow among relevant Insurance Companies and Garagesvia one Unified System.

Decentralized and tamper-proof nature of blockchain builds trust byproviding a shared and transparent platform for all parties involved.

Realtime visibility on the Receivable, Payables and the status of theclaims across the eco-system.

Take the first step towards automated Insurance Recovery system

Unlocking Efficiency and Transparency in the Vehicle Lifecycle

QAFi’s blockchain-powered ecosystem benefits everyone involved.

Car Dealerships

Capability to process end-to-end transaction with vehicle chain providing faster services to end customer.

Qatar Customs Authority

Can track authenticity of imported vehicles and can generate proof of genuine imports.

Qatar Police

Save version of vehicle data and be available to Qatar police for accident history and criminal investigations.

Car Financing Companies

Automation of bank process related to motor financing.

Ministry of Transport Qatar

Full visibility of car imported by agency with end-to-end real time data.

Insurance Companies

They can fetch data from all sources with customer consent.

Combating Fraud with

Secure eKYC

  • Risk of administration mistakes in identity validation because of operation overhead
  • Cumbersomeprocess to validate customer identity through physical identity documents andinformation provided by customers
  • Inefficient and slow customer onboarding process
  • Susceptible to identity frauds
  • Recurrent KYC process from customer, leads to inefficient customer experience and affect the customer traction

Blockchain-based eKYC ensures genuine customers and reduces fraud

Our blockchain-based eKYC solution streamlines customer onboarding while combating fraud. By creating immutable identity records, it reduces verification costs, ensures compliance with global regulations, and delivers unmatched transparency for businesses and customers alike.
  • Eliminates fake identities with tamper-proof records
  • Slashes onboarding time and costs
  • Automates compliance with KYC/AML rules
  • Transparent audit trail for all parties

Partner With
Insurance Recovery Management System

with our blockchain-powered Insurance Recovery Management System to transform claims processing into a seamless, fraud-proof ecosystem. By partnering with us.

Book a demo

Know More