American Farmers & Ranchers Mutual Insurance Company (AFR Insurance) has adopted global data analytics provider Verisk’s property claims-handling solutions, as part of its efforts to improve claims handling workflows.
Verisk offers insurers insights, helps improve underwriting and claims outcomes, and aims to strengthen operating efficiency and combat fraud. Amongst other offerings, Verisk providers computer software solutions for professionals involved in estimating all phases of building and repair.
Established in 1905, AFR Insurance provides auto, home, farm and life insurance
AFR Insurance will use Verisk’s property claims-handling ecosystem to help rapidly assign, inspect and settle property and contents claims as well as monitor and analyse company performance.
The collaboration will also allow AFR to get valuable insight on severe weather events.
Darin Miller, director of claims at AFR Insurance, said “After reviewing available products, we came to the conclusion that Verisk’s claims solutions offer the most diverse functionality and greatest flexibility of any currently on the market.
“By incorporating these solutions into our workflows, we are able to process claims efficiently and effectively, better serving our policyholders.”
In June this year, Verisk launched a web-based weather and analytics solution that will allow insurers, first responders, and supply chain logistics operators to analyse the impact of severe weather more effectively.
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