Nonprofit venture development organization JumpStart Inc www jumpstartinc org has committed 250,000 to Casentric LLC casentric com which has developed a cloud-based Software-as-a-Service SaaS application that helps evaluate and resolve property and injury cases faster and more accurately CaseXpert is an intuitive and cost-effective software product that brings critical thinking to the challenging work of handling claims
The property and casualty insurance industry spends 225 billion annually on claims and yet most companies today do not use any automated solution to evaluate and resolve claims says Casentric CEO Jim Kaiser Simply put we address an urgent need CaseXpert converts the art of the claims process to the analytical science of settlement ” CaseXpert consists of several components-covering the areas of liability and damages data analysis and reporting and real-time negotiation guidance-which can be subscribed to individually or together
CaseXpertbalanced ™’s approach to organizing and presenting information in a single integrated application significantly improves claims handlers ability to use information from an accident to create an accurate value for a claim Kaiser says This also improves their ability to amicably resolve cases faster even in difficult cases where responsibility for an accident is shared by multiple parties ”
CaseXpert is also fully customizable which means that companies can create a tailored proprietary approach to claim handling Casentric’s solution helps insurance companies as well as organizations that self-insure pay the correct settlement amount by providing claims handlers with the resources and information they need to negotiate settlements that are fair and reasonable says Jerry Frantz , JumpStart’s Managing Venture Partner In addition CaseXpert helps minimize the length of time cases remain outstanding allowing companies to more efficiently manage their workload ”
Casentric will use JumpStart’s investment to further expand CaseXpert product components and build a team to help drive customer growth
CASENTRIC LLC Shaker Heights Ohio-based Casentric offers CaseXpert a cloud-based Software-as-a-Service SaaS application that builds claims handler expertise and optimizes settlement timing and costs CaseXpert leverages essential information currently not captured by other applications to construct a case’s value and helps claims handlers achieve improved claims outcomes For more information visit a href=”http://www casentric com target=”_blank”>www casentric com
