Snapsheet News

Auto Claims Climbed with Summer Reopenings, but Dropping Again as Virus Rages

The sharp reduction in personal auto claims that followed COVID-19 shutdown orders began to fade away after the Memorial Day weekend, but frequency appears to dropping again in reaction to a resurgence of the disease. Andy Cohen, chief operating officer …

Business News: Snapsheet, IMS and Hippo

Outdoorsy Contracts with Snapsheet for Virtual Claims Outdoorsy, a sharing economy provider that connects renters with recreational vehicle owners, has contracted to use Snapsheet’s virtual claims management system, the Chicago-based insurtech said in a press release. Snapsheet said Outdoorsy has …

Business News: LexisNexis, Mercury, Clearcover and Snapsheet, Tower and myMatrixx

LexisNexis Gives Thumbs Up to Water Leak Detectors A study by analytics provider LexisNexis Risk Solutions found that in-line water shutoff systems correlate with a decrease in water claims by 96 percent, confirming the value of smart home technology to …

Auto Claims Decline 40 to 50% as Consumers Stay Home, Snapsheet Says

Insurers are reporting a 40 to 50 percent drop in claims volume for personal auto and a 30 to 40 percent reduction for commercial auto due to the coronavirus pandemic, an executive for claims-automation provider Snapsheet said Tuesday. Chief Operating …

Claims Insurtech Snapsheet Raises $29 Million to Expand Into All P/C Lines

Virtual insurance claims services company Snapsheet has closed on $29 million in Series E funding. The company said it will use the funds to expand beyond auto into all lines of property/casualty insurance and expand globally as well as enhance …

People News: Everest, Arch, Snapsheet

Vandendael Named Everest Insurance International CEO Everest Insurance, the diversified specialty insurance division of Everest Re Group, Ltd., announced the addition of Vincent Vandendael as CEO of Everest Insurance International. He will lead all facets of the Everest Insurance operations …

Allstate Reports Early Success With Drive-In Closures, QuikFoto Replacement

In a recent earnings report, Allstate reported positive changes as a result of its move toward an integrated digital enterprise. According to Matt Winter, Allstate president, claims is a good place to start deploying emerging technologies because of the many …

Claims Changes Driven by Tech, Data

A report released earlier this year by research and advisory firm Novarica highlights how digital opportunities, analytics and the Internet of Things (IoT) are driving changes in claims. Customer service standards set by other industries is contributing to the digital …

People News: The Hartford, Snapsheet, Chubb

The Hartford Names Paiano Executive Vice President And Chief Risk Officer The Hartford named Robert Paiano chief risk officer to lead the company’s Enterprise Risk Management operations, effective July 1. Paiano succeeds current Chief Risk Officer Robert Rupp, who is …

Business News: Mitchell International, Snapsheet, ESIS

Mitchell Partners With Tractable to Bring AI to the Insurance Claims Process Calif.-based Mitchell International, a technology, connectivity and information solution provider to the property & casualty insurance industry announced an exclusive partnership in North America with Tractable, a UK-based …