The human arsenal has always possessed a valuable set of capabilities, but at the same time, it still hasn’t seen anything more significant than that desire of ours to grow on a consistent basis. We say this because the stated desire has already fetched the world some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is purposed around its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, technology will somehow continue to produce the right goods. The same has grown to become a lot more evident in recent times, and assuming one new insurtech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.
Eberl Claims Service, a prominent provider of property and auto claims adjustment services in the US, has officially announced a partnership with Snapsheet to conceive a streamlined brand of claims processing with direct access to mitigation and repair contractors. You see, by providing direct connectivity to the services needed for progressing and resolving claims quickly, the stated partnership will effectively allow insurance carriers and MGAs to optimize daily claim-handling activities. Not just that, it will also let them deliver improved transparency and robust reporting analytics all at the same time. Talk about how the whole thing is likely to turn out on an actionable level, though, there will be a Snapsheet Vendor integration, which is going to bring a bi-directional workflow for assignment management and data exchange. The primary idea behind delivering such a mechanism is to facilitate seamless and real-time visibility into claim status. Next up, under the agreed terms, the partnership will unlock for Eberl and Snapsheet users an uninterrupted access to the former’s comprehensive claim service network. In case you didn’t know, the stated network comes with the means that are necessary in order to offer adjusting services, and direct or managed repair services (FLEX Repair). Complimenting the same is a prospect of effortless assignments. Here, the partnership will prove its utility when it empowers carriers and MGAs to easily assign claims to Eberl independent adjusters, mitigation firms, and repair contractors. Given the straightforward and digitized nature of this entire arrangement, users can expect to enjoy a dramatically simpler form of vendor management. Such simplicity, as well as consolidation is also quite evident in how the partnership will handle the payments’ aspect of things. However, to understand this particular benefit, we must steal a glance at the problem statement it will likely address. The accepted protocol across the insurance industry basically asks carriers to specify which service providers make up their preferred panel. This comes after the provider has gone through comprehensive onboarding and ongoing compliance screening. Anyway, while having to pick and choose from so many vendors is problem in itself, it only makes the picture worse once it’s time to initiate payments. Fortunately, Eberl and Snapsheet solve that problem by putting forth a single point of payment for all services rendered, streamlining invoicing, payments, and tax reporting.
“Enabling a digitally connected network of claims management service lines and tools for our Snapsheet client partners is part of our tech-first approach to efficiently close a claim quickly,” said Robin Roberson, Senior Vice President of Platform Partnerships at Eberl Claims Service. “The integration provides immediate and comprehensive, end-to-end access to expert desk and field adjusters, TPA services, property mitigation, and repair contractors. It is truly a win-win for the insurer and policyholder.”
Rounding up the highlights are these real-time analytics that make it possible for the users to achieve faster and more accurate claims handling, adjuster assignments, and the deployment of emergency mitigation services.
Moving on to what makes Snapsheet an ideal partner for such an effort, the answer resides in its ability to deliver a swift digital insurance claims process primarily for auto, property, and commercial lines in the United States. The company’s case, in fact, is helped to a great extent by its collaboration with over 140 partners, including many of the country’s largest insurance carriers, TPAs, MGAs, and insurtechs.
As for Eberl, it has made a name for itself on the back of uniting skilled adjusters and a premier service provider network to ensure consistent, professional, and scalable services, stretching from claim initiation to resolution. Founded back in 1987, and supported by its parent company called Cor Partners, Eberl’s solutions currently span across areas like Loss Adjusting, Third Party Administration, FLEX Repair, and adjuster Training & Education.
“The integration between Eberl and Snapsheet has resulted in our ability to assign vendors to service our insureds timely. It significantly eliminates errors in the data being passed through, allowing for a smooth transition and confidence that all parties receive the appropriate information. Status updates, notes, and documents are easily found within Snapsheet, allowing users to engage service providers out of one platform rather than bouncing back and forth between numerous systems and email-based processes,” said Stann Rose, Chief Advocacy Officer for Bamboo Insurance.
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