Insurer leverages Verisk’s innovative ecosystem of full-cycle solutions to facilitate effective and efficient claims handling
OKLAHOMA CITY, Okla., and JERSEY CITY, NJ, July 06 2022 (GLOBE NEWSWIRE) — As part of its ongoing goal to improve claims handling workflows, American Farmers & Ranchers Mutual Insurance Company (AFR Insurance) adopted ownership of Verisk claims management solutions. Verisk (Nasdaq: VRSK) is one of the world’s leading data analytics providers.
AFR Insurance will use Verisk’s real estate claims management ecosystem to help quickly assign, inspect and resolve real estate and content claims; track and analyze business performance; and get valuable information about severe weather events. By leveraging these powerful solutions, including Xactimate®, XactContents®, XactAnalysis® and Verisk Benchmark®, AFR Insurance will improve its claims assignment processes and streamline inspections and claims estimation.
“After reviewing the products available, we have come to the conclusion that Verisk’s claims solutions offer the most diverse functionality and the greatest flexibility on the market today,” said Darin Miller, Claims Director at AFR Insurance. “By integrating these solutions into our workflows, we are able to process claims effectively and efficiently for the benefit of our policyholders.”
Verisk provides information to insurers, helps improve underwriting and claims results, enhances operational efficiency and combats fraud. Among its many solutions, Verisk offers IT software solutions for professionals involved in estimating all phases of construction and repair. Through a long-standing commitment to investing in research and development, Verisk’s property appraisal solutions are used by many of the largest property insurance companies and repair contractors in the United States and across the country. Canada.
“AFR Insurance is an exemplary insurance organization that cares deeply about its policyholders,” said Mike Fulton, president of Verisk Property Appraisal Solutions. “We welcome the opportunity to work with them and collaborate on ways to continually make the claims journey faster and easier for all parties involved in the process.”
To learn more, visit Verisk.com Where afrmic.com.
About American Farmers & Ranchers Mutual Insurance Company
AFR Insurance offers auto, home, farm and life insurance with an emphasis on quality products and exceptional customer service. Affiliated with the Oklahoma Farmers Union, AFR was established in 1905 and is headquartered in Oklahoma City. AFR Insurance is available statewide and is recognized as one of the leading national insurers in the state of Oklahoma.
Verisk (Nasdaq: VRSK) provides data-driven insights and analytical solutions for the insurance and energy industries. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk enables customers to enhance operational efficiency, improve underwriting and claims results, fight fraud and make informed decisions on global issues, including climate change and extreme events as well as policy and ESG. the subjects. With offices in more than 30 countries, Verisk regularly achieves certification by Great place to work and promotes a inclusive culture where all team members feel like they belong. To learn more, visit Verisk.com and the Verisk Newsroom.
CONTACT: Michelle Pantina 551-500-7327 [email protected]