Insurance technology news from AXA XL, Sapiens, Brown & Brown, Nationwide, Hiscox and more. (Credit: everything possible/Shutterstock)
AXA XL recently partnered with Xtract to digitize, expedite and transform the commercial auto claims management process in the U.S. Xtract captures a digital First Notice of Loss record of the claim by providing an intuitive mobile user interface. Xtract then aggregates real-time crash data with other relevant data, including vehicle details, repair parts data, and third-party information to provide a predictive damage triage when relevant. This enables fleets and claims handlers to make speedy and accurate decisions. And by connecting real-world incident data with mapping software and real-time weather reporting, Xtract delivers visual context to the incident, which promotes a swift liability decision.
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