Four for the week – vol 18

Welcome to our eighteenth edition of Four For the Week (44TW)! To look through past editions, feel free to view our blog. This week we look at the impact of Hurricane Isaias, predicting storms with technology and history, and taming the AI data beast. We close it out with an article on why Insure Tech is here to stay. Enjoy!

1. The impact of Isaias

Strategy & Innovation

Claimatic Team

Last week hurricane Isaias swept through the East Coast, leaving a trail of damage. From trees falling, boats stacked, and piers toppling over, Isaias was not a storm to be messed with. The pictures in this series are proof that even a Category 1 storm can still be devastating to the areas impacted. This is just the start to storm season as Tropical Depression Eleven is moving through the Atlantic.

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2. Predicting storms with technology and history

Strategy & Innovation

Claimatic Team

Each storm season carriers and adjusters brace themselves for the surge of claims to come. With technology, Insurers can now analyze storms, hurricanes, and all other weather events. This leads to being able to compare a current storm to similar past storms and their claim patterns. By combining history and technology, this would ease the hustle of storm season.

3. Taming the AI data beast

Technology & Preparedness

Claimatic Team

AI is the term that every technology company wants to hear and use right now. However, the influx of data created by the AI programming software can be overwhelming, leaving users to not fully utilize the true AI potentials. The solution is to tame the data beast. Companies can do this through five easy steps: catalog, evaluate, prioritize, gauge, and execute.

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4. Insure Tech is here to stay

Technology & Preparedness

Claimatic Team

The insurance industry, like many other industries right now, is evolving its technology through the wave of the pandemic. With increased technology, insurers can enable smarter and faster service to their consumers. This can be done through solutions such as mobile apps and digital communication. This surge of Insure Tech will only get larger as there becomes more disruption and competition in the field.

Claimatic is the first dedicated decisioning solution for insurance claims routing and assignment for the enterprise. We believe we stand alone in offering the platform, and administrative tools to quickly configure, deploy and manage the routing and assignment of hundreds to hundreds of thousands of claims at once, while supporting the unique processes and rules for your business.

Customers choose us as a partner because we offer the only open, low TCO solution to meet their needs, regardless of Insurance Claims Management software platforms. We work across platforms and enterprise systems, information sources and software languages in use within the enterprise and across our customers’ partner networks. Our technology supports hundreds of factors involved in claim decisioning, thousands of entities involved in claims resolution, and millions of claims cases, all within a single deployment.

Customers who partner with Claimatic acquire significant advantages from working with a company that has focused exclusively on this set of challenges since day one – the product they need, and the results they want— the right resource, assigned to the right claim, at the right time.

Wes Bright, Product Leader