Cytora and Pilotbird are teaming up to integrate open-source lifestyle analytics into claims workflows for commercial and property and casualty (P&C) insurers. This partnership aims to enhance the way insurers handle first notice of loss (FNOL) and claims triage, making the process more efficient and data-driven.
By linking their platforms, Cytora and Pilotbird provide insurers with valuable insights derived from publicly available data sources. This means insurers can leverage open-source intelligence (OSINT) to assess claims more accurately and quickly.
Through this collaboration, insurers can expect to gain a clearer understanding of claimants' lifestyles and behaviors, potentially leading to better risk assessment and fraud detection. Accessing lifestyle analytics allows insurers to make informed decisions at the outset of the claims process, streamlining workflows significantly.
This development will primarily benefit commercial and P&C insurers looking to improve efficiency and enhance customer satisfaction. Claims adjusters and underwriting teams can harness these new capabilities to reduce processing times and improve accuracy in claims decisions.
The partnership between Cytora and Pilotbird signifies a step towards data-driven decision-making in the insurance industry. By utilizing lifestyle analytics, insurers can modernize their claims processes while potentially lowering operational costs and improving service delivery.
As industries increasingly adopt technology for efficiency, collaborations like this one highlight the ongoing evolution of commercial insurance.
Original Source: https://beinsure.com/news/insurtech-cytora-partners-with-pilotbird/