Carlsbad, Calif., Feb. 27, 2023 — sureti, a premier third-party Fund Control company in the Property Insurance Claim ecosystem, announced today the company has joined the Guidewire Insurtech Vanguards Program, an initiative led by property and casualty (P&C) cloud platform provider Guidewire (NYSE: GWRE). As part of the program, sureti will join a community of select technology providers that bring novel solutions to the P&C industry.
“We’re honored to have been selected to participate in this program,” said Mark Whatley, co-Founder and President of sureti. “sureti was founded as a means to accelerate the flow of funds for property insurance claims and make lives easier for all participating entities. The Guidewire Insurtech Vanguards Program offers an opportunity for sureti to expand its reach and grow its service.”
Through the Guidewire Insurtech Vanguards Program, Guidewire aims to help insurers learn how to leverage the usage of the participating insurtechs, including sureti’s solutions and services. Guidewire will also provide strategic guidance to and advocate for the participating insurtech companies, while connecting them with Guidewire’s P&C customers.
sureti was created without bias as a means to remove lenders from negatively affecting the property claim payment process, while still protecting the interests of all materially interested parties in the claims cycle. sureti has been vetted and put to the test by some of the biggest restoration companies, including ATI Restoration, establishing itself as a trusted resource by a growing number of carriers and mortgage lenders. As sureti continues to evolve and scale, the company is looking ahead to expand its solutions and offerings to more carriers.
“Insurance carriers are the backbone of the property insurance ecosystem. As losses increase in rate and severity, carriers still use legacy processes and struggle to find ways to manage costs while maintaining similar levels of coverage and customer experience. sureti has a targeted, proven solution for a better claim experience,” said Whatley. “We’re looking forward to exploring new opportunities as an Insurtech Vanguard and showcasing sureti’s services.”
“sureti’s unique, unbiased approach is helping to shift industry expectations in the property insurance ecosystem,” said Laura Drabik, Chief Evangelist of Guidewire. “Today’s rising insurtech companies are constantly challenging legacy insurance practices and processes — and it’s why sureti’s innovative solutions make them a great addition to our program. We are thrilled to have them as a Guidewire Insurtech Vanguard.”
sureti is a third-party fund control company that establishes payment rails from insurance carriers to certified restoration contractors. Founded in 2019 by entrepreneurs Mark Whatley and Daniel Smith, sureti removes the need for mortgage lenders to be listed on insurance claim checks by taking on the risk the property will be restored. sureti aims to transform the restoration ecosystem with a digital-forward approach to risk management, progress insight, endorsement of multi-party payments, and more. Learn more at sureti.com.
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