In an ambitious move to reshape the claims processing landscape, Snapsheet, a leader in Chicago’s claims management technology, has strategically partnered with the recently established Agentech, a company celebrated for its AI-powered digital coworkers. This partnership aims to integrate Agentech’s advanced AI technology into Snapsheet’s robust claims management platform, thereby transforming the efficiency and productivity of claims handling through significant automation.
Transforming Claims Processing Capabilities
The collaboration between Snapsheet and Agentech harnesses the latter’s advanced digital agents to automate a wide range of repetitive administrative tasks traditionally carried out by humans. These tasks often include the review of extensive records, the sorting of claim notes, and the organization of scattered documentation. This integration substantially improves both the efficiency and accuracy of the process, significantly reducing the manual workload for insurance carriers and adjusters. With API-based integration, Agentech’s digital agents connect seamlessly with Snapsheet’s platform, ensuring real-time automation of critical tasks.
This technological advancement enables adjusters to devote more time to customer interactions and complex claim evaluations, resulting in an expedited claims resolution process. The automation of these time-consuming administrative tasks provides adjusters the opportunity to focus on more value-added roles, enhancing their productivity and customer service experience.
Advantages and Efficiency Gains
The partnership between Snapsheet and Agentech offers myriad benefits, including a fourfold increase in claim output and enhanced accuracy through AI-driven workflows. Automation of routine tasks leads to optimized workflows, saving labor costs while maintaining efficient operations. The integration of Agentech’s advanced AI technology into Snapsheet’s platform ensures real-time claims processing, markedly improving both the speed and efficiency of claims handling.
This fusion of Snapsheet’s comprehensive claims management system with Agentech’s specialized digital agents results in a streamlined claims process that delivers a superior experience to policyholders. This improved operational efficiency not only meets policyholders’ expectations for quick service but also sets a higher standard within the insurance industry, ensuring competitive advantage and customer satisfaction.
Insights from Key Leaders
David Beck, Snapsheet’s Business Operations Manager, underscores the strategic alignment and synergy between Snapsheet and Agentech, highlighting their complementary offerings in the partnership. Beck articulates that this collaboration will not only speed up and enhance the efficiency of claims processing but will also allow adjusters to provide exceptional service to policyholders, helping Snapsheet to stand out in a competitive market.
Robin Roberson, President & Co-Founder of Agentech, discusses the transformative potential of their AI-driven workforce. Roberson mentions that Agentech has identified 56% of tasks within Snapsheet for automation, which means that adjusters can be relieved from mundane tasks. This allows them to focus on work that requires human judgment and interaction, providing a more streamlined and intelligent user experience for carriers.
Showcase at PLRB
This year, Agentech plans to demonstrate its AI-driven digital claims workforce at PLRB. Spencer James, Agentech’s Founding CTO, will showcase the functionality of their digital agents within Snapsheet’s claims platform during the event. This presentation aims to provide attendees with valuable insights into how task automation can enhance efficiency and accuracy in claims processing. The demonstration will focus on practical applications and real-world results, showcasing how this technology seamlessly integrates and elevates the claims management process.
In addition to the demonstration, key figures from Agentech, including Robin Roberson, Alex Pezold (Co-Founder & CEO), and Craig Calder (VP of Product), will be present at their booth. They will offer hands-on demos and engage with attendees, providing an in-depth understanding of the potential and benefits of their AI-driven solutions.
About Agentech and Snapsheet
Founded in 2023, Agentech specializes in AI-powered technology designed to revolutionize claims workflows across various lines of business, including pet, P&C residential property, workers’ compensation, travel, and more. Their platform supports carriers, third-party administrators, and independent adjusting firms by automating the most tedious and time-consuming tasks. This enables claims handlers to deliver superior customer service and make confident, informed decisions, thereby enhancing overall operational efficiency.
Snapsheet is renowned for its comprehensive claims management technology, providing a seamless digital process for auto, property, and commercial lines globally. With over 160 customers, including leading insurance carriers and insurtechs, Snapsheet uses advanced technology to streamline claims, appraisals, and payment processes. This ensures policyholders receive a superior experience, as Snapsheet works tirelessly to meet and exceed industry standards.
Conclusion
In a bold and innovative push to revolutionize the claims processing sector, Snapsheet, a prominent leader in claims management technology based in Chicago, has formed a strategic alliance with Agentech, a newly established company recognized for its cutting-edge AI-powered digital coworkers. This partnership is poised to integrate Agentech’s advanced artificial intelligence technology into Snapsheet’s powerful claims management platform. By doing so, the collaboration aims to significantly enhance the efficiency and productivity of claims handling through advanced automation. This integration is expected to streamline operations, reduce processing times, and improve overall accuracy in claims management. Both companies are optimistic about the transformative potential of this collaboration, envisioning a future where AI-driven automation is at the forefront of claims processing. In essence, this strategic move not only highlights both companies’ commitment to innovation but also sets a new benchmark in the industry, paving the way for more efficient and intelligent claims management solutions.
