n2uitive, a claims interview and recorded statement management, has bagged $1.3m in a funding round led by Cascade Seed Fund.
With the fresh funds, the InsurTech will release the next generation of its solution, which will have workflow automation and interview intelligence capabilities.
n2uitive streamlines the claims investigation and interview process for claims adjusters while delivering insights to help insurance companies improve claim outcomes. The platform offers real-time reports and permissions-based statement libraries which give insights on recorded statements taken, compliance metrics and transcription workflow.
Its platform is used by over 35 enterprise P&C insurance firms and 15,000 claims adjustors, the company said.
n2uitive CEO Joel Gendelman said, “The recorded statement claims interview process is disjointed and time consuming for claims adjusters and often interferes with the insurers providing the most accurate and timely claim outcomes for their customers.
“n2uitive takes the pain out of this process by moving enterprise insurance customers and claims adjustors away from outdated processes that result in merely ‘compliance artifacts’ to delivering claims intelligence and insights into the interviews and investigations themselves. This latest round of funding will fuel our ability to help insurers make accurate and consistent liability decisions and unlock value from their recorded statements.”
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