Claims Business: Sapiens and Click-Ins, QBE and Velocity EHS, Cotton Holdings and Stellar Restoration
Click-Ins is teaming up with Sapiens International to offer vehicle-damage inspection and assessment platform to insurance carriers.
Click-Ins said in a press release that its product is now offered along with Sapiens CoreSuite for P&C product to offer end-to-end claim processing, automation and settlement. Both businesses are based in Israel.
“AI and deep learning are transforming insurance underwriting as we know it,” stated Roni Al-Dor, president and chief executive officer of Sapiens. “Click-Ins has the expertise and capabilities needed to drive this transformation, making them ideal partners in our quest to provide comprehensive, customer-centric solutions.”
Click-Ins allows carriers to detect, analyze and process vehicle damage, with the click of any digital camera. Click-Ins works to increase automation, reduce human errors, fraud and risk, and increase customer satisfaction, the company said. The solution captures and processes digital pictures of damaged vehicles and transforms them into damage reports and damage repair estimates.
QBE North America has formed a partnership with Velocity EHS to offer a sensorless motion-capture technology that enables employers to recognize employee ergonomics issues in the workplace.
Velocity, based in Perth, Australia, said in a press release that its Humantech Industrial Ergonomics software uses artificial intelligence to assess workplace ergonomics and offer tailored solutions to prevent worker injuries. Musculoskeletal disorder injuries (strains and sprains) are a leading cause of workplace injuries for companies and their employees across the United States, QBE said in a press release.
“Poorly-designed workplaces not only cause employee injury and stress; they can lead to long-term pain, absenteeism, and loss of productivity,” QBE Senior Vice President and Loss Control Leader Paul Isaac said in a press release. “Anyone looking to accurately and quickly assess jobs for musculoskeletal disorder risk can benefit from this new technology.”
The Velocity software starts with a video of an operator performing a work task. That is uploaded to the Humantech software, which uses artificial intelligence and “computer vision” to recognize body segments and records joint angles, frequencies, and durations of the postures during movement. Within minutes, the software displays a skeletal overlay on the original video and indicates the risk levels in colored lines.
QBE is based in Sydney, Australia and operates out of 27 countries around the globe.
Cotton Holdings, a infrastructure support company for commercial restorations, based in Katy, Texas, has acquired Stellar Restoration Services, a commercial roofing repair company.
Stellar, based in Rosemont, Ill., will retain its name and operate as a wholly owned subsidiary of Cotton under the continued leadership of co-Founders Michael de la Mora and Rick Bailey, who will retain an ownership interest in the business, the company said in a press release. Financial terms of the private transaction were not disclosed.
Cotton provides property restoration and recovery, construction, roofing, consulting, temporary workforce housing and culinary services to public and private entities worldwide.
“The addition of Stellar to the Cotton team brings tremendous value to our organization and will help us deliver a deeper set of roofing restoration capabilities to customers with an expanded geographic footprint in their time of need,” said Pete Bell, founder and chief executive officer of Cotton Holdings.