Fadata Ecosystem Now Boasts Bdeo Visual Intelligence to Enhance Insurance Processes.
Specialist insurance software solution provider, Fadata, has teamed up with Bdeo to add Visual Intelligence to its pre-made enterprise solution. The latest partner to join the expanding Fadata Ecosystem, Bdeo delivers Fadata P&C clients its Visual Intelligence tool to support automating insurance processes and decision making, paving the way to more agile and successful claims management.
Claims processing is reliant on evidence collection and assessments. Bdeo has digitalised this critical process with the use of AI in image analysis in order to streamline the resolution of claims. By applying AI to claim’s images, Bdeo empowers insurers to make confident decisions at an earlier stage, enabling them to achieve maximum efficiency. Thanks to the Visual Intelligence from Bdeo, Fadata clients can now automate damage assessment and estimate costs within the Fadata core system, INSIS, with greater precision and can even utilise graphic evidence for inspection during policy registration to make more informed underwriting decisions.
Julio Pernía, CEO Bdeo comments: “Using the latest technologies available, insurers have the means to streamline their processes considerably. At Bdeo, we have created Visual Intelligence, using AI and Machine Learning, to simplify processes and expedite decisions making claims processing and underwriting significantly speedier and reducing costs. Insurers can utilize our Visual intelligence tool to ensure that the claims journey is a smooth one, which ultimately strengthens the bond between insurers and their clients.”
Neyko Bratoev, Head of Fadata Ecosystem, comments: “Insurers are committed to delivering high-level customer service and are looking to technology for new, modern ways to help them achieve this. Point-of-claim undoubtedly presents today’s insurers with a golden opportunity to provide positive engagement and experience. We are delighted to welcome Bdeo as an Ecosystem partner, and the opportunity for INSIS clients to introduce the latest Visual intelligence to their claims processes and decision making.”
Fadata’s core system, INSIS, enables insurers to leverage the emerging tech and modern functionalities which are driving insurance into the new digital era, and the agility of the cloud-enabled insurance SaaS platform, not only makes accessing third-party technology simple, but also extremely efficient. Fadata’s Ecosystem provides convenient, seamless access to specialist solutions from best-of-breed technology partners, empowering insurers to engage with innovation and opportunity as insurance customers’ wants and needs evolve. For more information, explore Fadata Ecosystem.
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About Bdeo
Bdeo is an insurtech company founded in Spain in 2017 that develops Visual Intelligence, a specific type of Artificial Intelligence. It helps gather visual evidence of the vehicle or home damage through the smartphone, then analyses it and estimates policy rates or repair costs in seconds. This way, it streamlines motor and home insurance companies’ underwriting and claims management processes, reducing underwriting and claims handling times from weeks to minutes. Bdeo’s technology is present in 25 countries all over the world and 60 insurance companies are already implementing it in their processes.
About Fadata
Fadata is a leading provider of software solutions for insurance companies globally. We are on a mission to empower the insurance industry to drive customer engagement, innovation and business value. Together with our customers we are on a journey to build the future of insurance and impact millions of people’s lives every day.
Fadata has clients in over 30 countries across the globe. Headquartered in Munich, with international offices in more than 5 European cities, Fadata is backed by Private Equity Riverside and Lowell Minnick.
For more information, please visit www.fadata.eu