Fourseventy Claims Selects Spex Technologies to Expedite and Improve Residential Claims Processing

DENVER (PRWEB) June 20, 2018

Fourseventy Claims, a leading independent adjustment firm and third-party administrator, today announced a new collaboration with Spex Technologies, a premier insurtech platform provider that delivers better claims processing, property inspections and reporting. The two companies began testing their combined solution during Hurricane Harvey and Hurricane Irma in 2017 and have since expanded the relationship to support a variety of carriers and deployments.

"The Spex solution has become an anchor to Fourseventy's Xpeditor program by enabling non-adjusters to quickly and efficiently inspect residential claims losses," explained Matt Fatheree, CEO of Fourseventy Claims. "Our close collaboration with Spex has enabled us to build and deliver more efficient, scalable products to our broad customer base. We anticipate utilizing the new solution for a number of additional clients throughout the 2018 summer and storm seasons."

As an early adopter of Spex technology, Fourseventy has worked closely with Spex over the past several months to configure a digital platform for specific loss scenarios addressed by Fourseventy Xpeditors and adjusters. Beginning with a claims mapping effort, Spex utilizes its proprietary Protocols Engine™ and Smart Forms™ to configure its platform directly for Fourseventy field users and inside claims handlers. Fourseventy manages its inside operations from Waco, Texas to assign files to its Xpeditors and manage field data through the Spex platform.

"The industry is eager for new tech-enabled services and solutions," added Gary Sullivan, assistant professor of risk management at Mercyhurst University and former vice president at Erie Insurance. "The partnership between Fourseventy and Spex is precisely what carriers are seeking for their claims operations goals moving forward."

Founded in 2012 to enhance the methodology of property claims handling, Spex has built a data-driven platform that streamlines the process of property inspections and related operations. The Spex platform provides an easy-to-use tool for on-site inspections, allowing for better collection and organization of data, while creating greater efficiencies and transparency during the claims handling process. The configurable platform is equipped with intuitive mobile apps, robust project management capabilities, API connectivity, online and offline functionality and a variety of integration options for residential and commercial use.

"Our business emerged from the insurance industry," said Brett Goldberg, CEO of Spex. "We seize the opportunity to work with innovative businesses like Fourseventy Claims that are transforming the industry and providing deeper value to its customers and policyholders. We're grateful for our partnership with Fourseventy and are eager to expand our technology offerings through their Xpeditor and Adjuster programs."

About Fourseventy Claims
Fourseventy Claim Management is an independent insurance adjusting firm that provides services to all fifty states with over eight hundred adjusters, servicing losses in the residential and commercial property markets. While exhibiting core values of innovation, versatility, and intelligence, Fourseventy passionately explores what the future might entail for the insurance claims industry. Fourseventy takes great strides in working with insurtech companies to build a more efficient and consumer-friendly experience for its clients. Managed by an executive team with over 200 years of industry experience, Fourseventy collaborates with our customers to take the best approach surrounding what is possible for process and outcome improvement. To learn more about Fourseventy, visit http://470claims.com or follow the following social media accounts: Facebook, Twitter, LinkedIn and Instagram.

About Spex Technologies
Founded by two long-time property insurance adjusters, Spex was built on the premise that property inspections can be conducted more efficiently utilizing modern technology. Spex is a digital platform that enables the field service tasks of the property and casualty insurance industry to be accomplished more consistently, accurately and with greater scalability. Whether it's a small residential underwriting survey or a large commercial loss, Spex provides the tools and guidelines to enable more efficient data capture and more accurate deliverables. Based in Denver, Colorado, the Spex executive team is comprised of a veteran group of subject-matter experts combined with world-class software engineers. To learn more, visit http://www.spexreport.com and follow Spex on LinkedIn and Twitter.

PR Contact Elle EthingtonSpex Public Relations
Elle.ethington(at)gmail(dot)com
(970) 778-6094

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