Assured Insurance Technologies Inc. - Company Research Report

Company Overview

• Name: Assured Insurance Technologies Inc.

• Mission: To modernize insurance by bringing claims processing into the 21st century, enhancing efficiency and accuracy through digital and technological advancements.

• Founded: No information is available.

• Founders: No information is available.

• Key People:

• Justin Lewis-Weber, CEO

• Theo Patt, CTO

• Richard Palmer, Head of Sales

• Jesse Cravens, Head of Engineering

• Headquarters: No information is available.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Assured provides P&C (Property and Casualty) carriers with SaaS solutions to digitally ingest, service, and process claims.

Products

Assured offers a suite of software solutions designed to improve the customer experience, close claims faster, and improve loss ratio. Products are structured to handle a variety of P&C insurance lines, including personal auto, commercial auto, homeowners, commercial property, and workers’ compensation. Here is an overview:

• First Notice of Loss (FNOL):

• Description: A web app that improves data collection at the source, offering a self-service customer experience via a structured, intelligent interface.

• Key Features: Beautiful design, intelligent data gathering, Sidekick assistance in call centers.

• First Contact:

• Description: Digitally follows up with all parties involved in the claims process to gather data and documents.

• Key Features: Reduces cycle time and eliminates the need for phone calls.

• Messaging:

• Description: An AI-powered communication tool for adjusters.

• Key Features: Empathetic and intelligent omnichannel solution.

• Fraud Detection:

• Description: Identifies inconsistencies and suspicious behavior to prevent fraud.

• Key Features: Analyzes data beyond policy information.

• CAT (Catastrophe):

• Description: Manages large-scale catastrophe claims efficiently.

• Key Features: Rapid intake, routing, and triage of claims.

Recent Developments

• New Product Launches: No specific new product launches mentioned.

• New Features to Existing Products:

• Collision IQ: Uses a 3D map to visualize and reconstruct accident scenes.

• Damage IQ: Allows claimants to "paint" damage on a 3D model for vehicle assessment.

• Service Assignment: Enables real-time service scheduling for inspections and repairs.

• Partnerships:

• Assured is backed by leading investors in Silicon Valley.

Conclusion

Assured Insurance Technologies Inc. is pioneering a modern approach to claims processing with a strong focus on structured data and AI integration. The company's solutions empower P&C insurers to improve customer satisfaction and operational efficiency. Despite the lack of detailed historical and financial data, Assured continues to innovate with its comprehensive claims intelligence platform and strives to lead the insurance industry into a new era.