(U.S. Army National Guard response in Houston. Photo by 1st Lt. Zachary West, U.S. Army.)
Symbility Solutions Inc. (Toronto) reports that is it working with CoreLogic (Irvine, Calif.), the global property information, analytics and data-enabled solutions provider, to provide property information directly to insurers through Symbility’s claims management cloud platform.
Symbility reports that property insurance field adjusters can directly access the latest residential and commercial property data from the RCT Express and Commercial Express Structural Risk and Valuation platforms by CoreLogic, that have been automatically added into the claim file within Symbility Mobile Claims. “This vital data allows carriers and adjusters in the field to initiate the claim even before adjusters get on site,” a vendor statement says.
Under normal circumstances, the data from these underwriting reports is important when trying to resolve a property claim, notes James Swayze, CEO, Symbility Solutions. “Time is of the essence in emergency situations, such a Texas and Florida, and immediate access to property data is crucial to our clients,” he says. “Through our unique relationship with CoreLogic, our clients have the advantage to help their policyholders begin their claims process before adjusters can get their boots on the ground in affected areas.”
Ongoing Monitoring of Reconstruction Costs
As the effects of the storms develop, CoreLogic will continue monitoring impacts to reconstruction costs and reflect cost increases in the Symbility data base, according to the Symbility statement. In addition to providing this “unique” set of data, Symbility says it has also undertaken a number of other actions to ensure that clients are fully supported. For example, the company has extended support hours and online, on-demand training for users on how to get the most from its software.