Digital claims management software developer Snapsheet has established a strategic partnership with tier one reinsurance firm SCOR.
This deal will supply SCOR clients with access to Snapsheet’s end-to-end claims management platform, digital payments platform, motor virtual appraisal offering and a set of third-party integrations.
Snapsheet offers a fast claims process for insurance carriers, third-party administrators, insureds and vendors.
Snapsheet claims its virtual appraisal software is the leading claims management platform that digitises and automates the end-to-end process, from electronic first notice of loss to investigation to reserving and payment.
Snapsheet CEO and founder Brad Weisberg said, “The partnership between Snapsheet and SCOR further demonstrates the surge in demand for digitization and automation throughout the entire claims process.
“We’re thrilled to partner with SCOR to bring our leading cloud-native claims management software to clients and help them deliver better, more streamlined customer experiences.”
SCOR P&C Ventures head Will Thorne said, “One of the priorities of SCOR’s Quantum Leap strategic plan is to accelerate the use of new technologies, both for SCOR’s operations and those of our clients.
“Our partnership with Snapsheet brings digital, innovative claims solutions that have the potential to generate meaningful efficiencies for our clients across multiple lines of business.”
Snapsheet recently closed its Series E2 round on $30m, with commitments coming from Ping An Global Voyager Fund, Pivot Investment Partners, Nationwide, Liberty Mutual, Intact Ventures, Tola Capital, Commerce Ventures and others.
The company raised the capital to support its growth and release new functionalities for its platform.
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