According to Deloitte’s 2022 Insurance Industry Outlook, 74% of insurance companies plan to increase their spending on artificial intelligence and 67% plan to increase their spending on data analytics. Investing in digital technologies allows brokerage teams to be more integrated into client risk management processes, which in turn enables them to better advise clients on how to reduce risk and protect their businesses , said Aclaimant.
“This partnership would not have been possible without our participation in the 2021 BrokerTech Ventures Accelerator program. Through this, we have forged a relationship with Holmes Murphy and are now enabling a data-driven approach to claims and risk management,” said David Wald, co-founder and CEO of Aclaimant. “Our technology gives Holmes Murphy a streamlined way to improve policyholder engagement, data visibility and claims outcomes to proactively visualize, reduce and mitigate loss and risk.”
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The collaboration will allow Holmes Murphy to use A Claimant’s reporting and data analysis tools, customer benchmarking and performance benchmarking to reveal customer insights and provide more detailed analysis loss trends. An applicant’s platform will also enable the acquisition and cleansing of carrier data at scale as the partnership grows, the insurtech said.
“We are extremely excited about this partnership with Aclaimant,” said Chris Murphy, Vice President of Business Loss Control at Holmes Murphy. “With A Claimant’s expertise in acquiring, organizing and visualizing carrier loss data, we will be able to further enhance our claims advisory and loss control capabilities. to achieve superior results for our clients.”