Wednesday, January 25, 2023
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Davies snaps up claims administration platform



Davies snaps up claims management platform

Davies, a specialist skilled providers and expertise agency that serves the insurance coverage business and extremely regulated markets, has introduced that it has acquired Fast Web Software program Options, referred to as ClaimPilot, a supplier of claims administration software program for third-party directors, unbiased adjusters and self-insured entities.

Texas-based ClaimPilot’s web-based software-as-a-service platform will be built-in with insurers’ methods and provides customized claims monitoring and reporting options. By way of ClaimPilot’s Lloyd’s reporting functionality, customers can report particular information on dangers and claims transacted beneath contracts and syndicates, Davies mentioned.

ClaimPilot will be part of Davies international expertise unit. ClaimPilot president and CEO David Fast will proceed to steer the enterprise, reporting to Jason Wolf, senior vice chairman of expertise at Davies. All ClaimPilot staff will proceed of their present roles.

“I’m delighted to welcome ClaimPilot to Davies,” mentioned Dan Saulter, group CEO at Davies. “As one of many early creators of web-based claims administration software program within the US, and a longstanding advocate for digitization inside the insurance coverage business, ClaimPilot will strengthen each the options and expertise we will supply our insurance coverage shoppers globally.”

Learn subsequent: Davies Group introduces new division

“I’m actually happy that ClaimPilot is becoming a member of Davies,” Fast mentioned. “Our shared concentrate on innovation and distinctive service makes this a powerful union to assist the insurance coverage neighborhood navigate more and more complicated challenges. I stay up for working with Dan and the broader Davies staff to develop and strengthen our claims options for our shoppers.”

ClaimPilot is Davies’ newest acquisition. In September, the corporate acquired Johns Japanese Firm, a Florida-based TPA. In December 2021, it acquired Merlinos & Associates, an actuarial and consulting enterprise.

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