Reinsurance News

Verisk and Loveland integrate property claims scoping process

29th June 2022 - Author: Daniel Jackson

Verisk’s claims-handling solutions, Xactimate, XactAnalysis and Loveland’s IMGING property inspection data platform are to be integrated, simplifying the process of estimate creation for insurance adjustors.

property-remodelingThe result is a full artificial intelligence and data-driven end-to-end property adjusting software solution that provides complete 3-D models and measurements of structures while keeping estimators safely off roofs.

Mike Fulton, Verisk’s president of property estimating solutions, said: “Now more than ever, the property industry is hungry for broad, open solutions without restrictions.”

“This collaboration adds another key integration to Verisk’s suite of solutions to offer more flexibility for our customers to be able to scope, bid or adjust properties safely, efficiently and accurately.”

Verisk provides software for professionals involved in estimating all phases of building and repair, used by many of the top property insurance companies and repair contractors in the United States and Canada.

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Loveland IMGING solution is a property data and inspection platform that serves as a centralised hub of analysis and capture for all property data for insurance carriers, roofers and contractors.

Jim Loveland, Founder and CEO of Loveland Innovations, said: “We’re excited about our collaborative work with Verisk and this integration of our IMGING platform with Xactimate and XactAnalysis.”

“My family and I have a rich and long history with these industry-leading property claims estimating solutions, and nothing pleases me more than to enable our IMGING customers to have their data easily flow into both Xactimate and XactAnalysis.”

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