Specialist insurance coverage expertise enterprise Davies has right this moment (23 January 2023) revealed the acquisition of US claims administration software program agency Fast Web Software program Options Inc, which is named ClaimPilot.
It will see Texas-based ClaimPilot be part of Davies’ world expertise unit.
In the meantime, ClaimPilot’s president and chief government David Fast will proceed to steer the enterprise, reporting to Davies’ senior vice chairman of expertise Jason Wolfe.
All ClaimPilot staff will proceed of their roles with Davies.
Dan Saulter, Davies’ group chief government, stated: “As one of many early creators of web-based claims administration software program within the US and a long-standing advocate for digitisation inside the insurance coverage business, ClaimPilot will strengthen each the options and expertise we are able to provide our insurance coverage shoppers globally.”
ClaimPilot supplies claims administration software program for property, legal responsibility, staff’ compensation and auto claims for third get together directors (TPA), impartial adjusters and self-insured entities.
The agency’s Software program as a Service (SaaS) platform helps with claims visibility by utilizing personalised monitoring and reporting options in addition to entry to actual time information.
Its platform will also be built-in with an insurer’s system to permit for digital information trade.
ClaimPilot additionally has Lloyd’s reporting functionality so customers can report particular information on dangers and claims underneath contracts with syndicates.
Bordereau experiences will also be generated to look at future exposures and pay-outs to assist insurers decide premium changes and developments.
David Fast, president and chief government of ClaimPilot, added: “I’m actually happy that ClaimPilot is becoming a member of Davies. Our shared give attention to innovation and distinctive service makes this a robust union to assist the insurance coverage neighborhood navigate more and more advanced challenges.
“I stay up for working with Dan and the broader Davies group to develop and strengthen our claims options for our shoppers.”