Xactware Offers Industry-Leading Suite of Claims Solutions for Australia and New Zealand

By GlobeNewswire,  July 29, 2014, 11:44:00 AM EDT


Xactware Offers Industry-Leading Suite of Claims Solutions for Australia and New Zealand

Xactware users report significant efficiency and improved customer satisfaction

BRISBANE, Australia, and LEHI, Utah - Xactware, a leading provider of technologies for property claims, has announced its expansion into the Australian and New Zealand markets with claims solutions built specifically for Australian and New Zealand property insurance professionals.

Xactware, a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK), was founded in 1986 and provides mobile and online property claims estimating and claims management tools that sync and store information digitally in the cloud. The company has enjoyed widespread adoption in countries where their solutions have been introduced. In the United States, 22 of the top 25 property insurers use Xactware's property claims solutions as do 10 of the top 10 in Canada. In both the United States and Canada, more than 80 percent of insurance repair contractors use Xactware estimating tools. Xactware holds a similar market share among independent adjusters and other claims professionals. In addition, Xactware recently introduced its solutions to the United Kingdom, Ireland, Belgium, and Netherlands markets.

Xactware is working with Insurtech Systems Pty Ltd as the exclusive representative in Australia and New Zealand. "Xactware customers around the world report significant time savings after adopting the solutions," said Brian Hill, head of Xactware Australia and New Zealand. "At the same time, property claims professionals gain a wealth of detailed information that helps them solve issues before they become problems, reduces claims handling costs, allows insurers claims transparency, and improves customer satisfaction."

Xactware solutions offer customers the flexibility to continue to use the workflows and processes that have made them successful, while providing improved efficiency and critical real-time information for professionals and their managers.

"Xactware solutions are a great fit for Australia and New Zealand," said Jim Loveland, Xactware's president and CEO. "The property insurance industry in these countries is healthy, innovative, and focused on excellent service. We also have outstanding representation in Australia that gives us the infrastructure to provide the support and backing that customers need to help them get the most out of Xactware technology."

To learn more about Xactware and its solutions, visit Xactware.com.

About Xactware

Xactware specialises in technologies for the property insurance, remodeling, restoration, and mortgage and lending industries. Xactware's tools provide claims estimating, contents replacement, claims management, and property maintenance solutions for desktop, mobile, and online platforms. Xactware's services include repair cost research and reports, aerial imagery, and real-time business intelligence. Xactware has been providing cloud services for customers since 1995. Xactware is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK). Xactware solutions are delivered in Australia and New Zealand through Insurtech Systems, a subsidiary of ASX-listed company Stream Group Ltd [ASX:SGO]. For more information about Xactware's solutions, contact Xactware at 1-800-424-9228 or Xactware.com.

For media information, please contact:

Brian Hill

 (+61) 498-542-777

bhill@xactware.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Xactware via Globenewswire

HUG#1842134



This article appears in: News Headlines

Referenced Stocks: VRSK


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