Insurtech suite includes underwriting and claims management, enhancing property experience across the housing market
CoreLogic launched its first fully-integrated insurance tools that provide a one-stop-shop for policyholders across the insurance, mortgage, real estate, and home services sectors.
The new property insurance technology suite features virtual workflow platforms for underwriting and claims, as well as data-driven insights, portfolio management, and risk monitoring services for global insurance industries in North America, New Zealand, Europe, and Australia.
"Our next-generation integrated insurance solutions are innovative and already gaining significant market adoption as evidenced by recent wins," CoreLogic President and CEO Frank Martell said. "Our extensive solutions offerings leverage our unmatched domain expertise across the entire housing ecosystem, as well as our unique property data assets, to significantly improve the customer experience. We have been gaining new clients such as Swiss Re Corporate Solutions in North America, the United Kingdom and Australia. These major players provide CoreLogic with a foundation for continued growth in the insurance sector."
Built on an open architecture and API framework, the tool suite enables clients to easily connect to a host of third-party insurtech providers. According to CoreLogic, this also helps clients to "unify the property experience" for policyholders across the housing market.
"CoreLogic has a deep and system-wide perspective across the housing industry and property lifecycle," said Olumide Soroye, managing director of property intelligence and risk management solutions at CoreLogic. "This uniquely enables us to partner with leading institutions in the property and casualty insurance industry. These institutions are eager to re-imagine property insurance workflows and create significant productivity gains, superior digital customer experience and operational resiliency amid social distancing. We understand the entire property lifecycle and are excited to partner with property insurance carriers and the entire ecosystem in making it a better experience."