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Blog

Tech Talk October 2022

October 24, 2022 by Claimatic

Outsourcing vs. hiring adjusters is a pendulum that tends to swing back and forth in the insurance industry. Over the last year, we’ve seen a trend of carriers reducing reliance on independent adjusting (IA) firms. To fill the gap, they’ve hired and deployed more dedicated CAT response teams or flex adjusters who can manage routine …

Read moreTech Talk October 2022

Tech Talk September 2022

September 26, 2022 by Liz Simmons

Hotels lament the rise of Airbnb. Taxi companies will never have the same hold on the market they did pre-Uber. Travel agencies took a hit with the adoption of end-to-end booking services like Expedia and Travelocity. Insurance was past due for disruption and is now getting a heavy dose of it. In the last few …

Read moreTech Talk September 2022

Tech Talk June 2022

June 22, 2022 by Liz Simmons

We have hit the conference circuit heavily this year, primarily with the goal of forging and renewing key customer and partner relationships. The networking has been phenomenal thanks to a strong return to in person events. When we’re not shaking hands and trading business cards, we listen for your voice in the informational sessions, learning …

Read moreTech Talk June 2022

Tech Talk May 2022

May 31, 2022 by Liz Simmons

Leadership dictated it. Finance justified it. Vendors made on-prem/private cloud options less appealing. However you (or your IT department!) feel about it, you’re moving to the cloud.  Fear not! You’ll like the benefits the cloud has to offer—and if you know how your core business applications will port to the cloud, you’ll be miles ahead …

Read moreTech Talk May 2022
Tech Talk March 2022

Tech Talk March 2022

March 24, 2022 by Liz Simmons

Historically speaking, when someone mentioned automation in the context of employee attrition they were likely talking about “desirable attrition.” They automated work so that they no longer needed to pay humans to do it, it was deemed to be a positive ROI, and the CFO high-fived everyone in the boardroom after seeing updated projections.  In …

Read moreTech Talk March 2022
Tech Talk: CAT Claims Management

Tech Talk February 2022

February 17, 2022 by Liz Simmons

It’s not quite CAT season, but the storm is near. I’m not talking about tornados in the Great Plains, hurricanes on the East Coast, or wildfires in the West. For the insurance industry, the storm is the variability that comes with CAT events and it includes the headwinds carriers face on even the sunniest of …

Read moreTech Talk February 2022

Tech Talk January 2022

January 19, 2022 by Claimatic

Welcome to 2022 and the ongoing Great Resignation! Insurance companies are highly adept at managing risk in their books of business. But working in a people-intensive industry, they are less readily adaptable to the wide-scale operational risks posed by mass attrition. Adjusters are aging out of the workforce; operations teams have grown weary of spending …

Read moreTech Talk January 2022

Tech Talk – December

December 22, 2021 by Liz Simmons

It’s almost the end of the year: everyone has vacation days to burn and most folks are teetering fairly close to the edge of a full mental checkout until 2022. The last thing I want to do is interrupt anyone’s well-orchestrated holiday chaos (managing my own over here), so I’ll end this year on a …

Read moreTech Talk – December
In the Media Featured Image for Press

Claimatic Wins Insurance Innovators Award

December 1, 2021 by Claimatic

SAN ANTONIO, Dec. 1, 2021 /PRNewswire/ — Claimatic, the intelligent insurance claims startup, has been selected as a winner of this year’s PropertyCasualty360’s…

Read moreClaimatic Wins Insurance Innovators Award
In the Media Featured Image for Press

Claimatic Granted U.S. Patent For Insurance Claims Triage And Assignment Software

November 16, 2021 by Claimatic

SAN ANTONIO, Nov. 16, 2021 /PRNewswire/ —  Claimatic, the intelligent insurance claims startup, today announced the United States Patent and Trademark Office…

Read moreClaimatic Granted U.S. Patent For Insurance Claims Triage And Assignment Software

Tech Talk – October

October 28, 2021 by Liz Simmons

Let’s talk change. When selecting a new technology, there’s typically a great deal of effort expended in four areas: 1) validation that it fits the core business need, 2) assurance that it will play nicely within the existing ecosystem of systems and tools, 3) alignment of cost to budget, and 4) technical support readiness for …

Read moreTech Talk – October

Tech Talk – September

September 29, 2021 by Liz Simmons

Last month we talked through build vs. buy. Judging by the questions that followed, we have more to talk about! If you missed last month, click back to August before you read on as there are some premises covered there that we won’t revisit in this post. This month, we focus specifically on buy. Let’s …

Read moreTech Talk – September
In the Media Featured Image for Press

A Revolutionary SaaS Solution for a Claims Problem Every Carrier, IA, and TPA Experiences

September 15, 2021 by Claimatic

Founded in 2006 by Larry Cochran with a mission to take advantage of new technology to assist the insurance industry with vendor management, Claimatic…

Read moreA Revolutionary SaaS Solution for a Claims Problem Every Carrier, IA, and TPA Experiences

Tech Talk – August

September 9, 2021 by Liz Simmons

Your business needs a new solution, and you’re staring down a critical decision: build vs. buy. Successfully moving into the development and innovation realm requires entirely different skillsets than your typical internal IT possesses. Some large carriers have made that shift, but if you’re considering it, be aware of your options and where challenges may …

Read moreTech Talk – August

Tech Talk – July

July 27, 2021 by Liz Simmons

Let’s talk tech talent. In the wake of a global pandemic, to say the workforce has shifted is an understatement. Restaurants are paying $15.00 an hour base pay to staff who used to make $2.13 an hour plus tips. Some folks have re-prioritized and are just dropping out.  A former colleague of mine quit a …

Read moreTech Talk – July

Tech Talk – June

June 30, 2021 by Liz Simmons

The Bots Are Taking Over! Well, kinda. The bots are trying to make heads or tails of your data. There are mature capabilities such as image, voice, and text recognition, but that’s only the fractional edge of what’s possible. Those types of technologies replace a rote human process. That’s valuable, but the real magic happens …

Read moreTech Talk – June

Tech Talk – May

May 24, 2021 by Liz Simmons

There is a concept in economic and social sciences called “noise” garnering a lot of attention lately. Simply put, it’s the idea that given the exact same set of facts, two equally qualified people will not make the same decision. It can be proven again and again across professions, and unlike “bias” in which people …

Read moreTech Talk – May

Tech Talk – April

April 26, 2021 by Michael Cronin

Proactive CAT Management Handling claim surge is all thanks to the amount of planning and effort put forth before they happen. Some vendors ask for as many claims as possible, but then they commonly find themselves overwhelmed, leading to long lead times and dissatisfied customers. A leading indicator of supply chain issues is “time to …

Read moreTech Talk – April
In the Media Featured Image for Press

Zensar Technologies share price rises on global strategic partnership with US-based Claimatic

April 9, 2021 by Claimatic

Zensar Technologies share price was up over 2 percent intraday on April 9 after the company entered into a global strategic partnership with US-based Claimatic…

Read moreZensar Technologies share price rises on global strategic partnership with US-based Claimatic
In the Media Featured Image for Press

Zensar, Claimatic partner to offer digital solutions to insurers

April 9, 2021 by Claimatic

Technology services company Zensar has inked a strategic partnership with US-based insurance SaaS service…

Read moreZensar, Claimatic partner to offer digital solutions to insurers

Tech Talk – March

March 16, 2021 by Liz Simmons

Master Data Management As they tend to do, CATs highlight areas of needed improvement in our industry, and the recent winter storm across unprepared areas of the country was no exception. Observing how both carriers and IA firms managed through it left me with a singular phrase echoing in my head: master data management (MDM). …

Read moreTech Talk – March
In the Media Featured Image for Press

Hippo Insurance: Finding the balance between people & processes

March 16, 2021 by Claimatic

While insurance has been around for centuries in some form, there are several newcomers to the space that are bringing fresh approaches to coverage, sales and claims processing…

Read moreHippo Insurance: Finding the balance between people & processes

Tech Talk – February

February 15, 2021 by Liz Simmons

Webcast: Implementation Strategies for Claims Automation Updating your business’ legacy systems is a significant investment, but has likely become a priority. Understanding what works well, as well as what issues may need to be addressed to help you transition successfully is key to saving time, money, and minimizing any downtime. Join this complimentary webcast to learn …

Read moreTech Talk – February
Tech Talk January Blog

Tech Talk – January

January 28, 2021 by Liz Simmons

Why Task-Based Co-Assignment is Hard “Can you assign the claim to more than one person for different tasks?”  This is one of the top questions Claimatic is asked during early meetings with prospects, and we’re happy to answer that yes, Claimatic absolutely manages that need and manages it well.  But it does leave us scratching …

Read moreTech Talk – January
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