Solera Holdings

Solera is a leading global provider of integrated vehicle lifecycle and fleet management software-as-a-service, data, and services. Through four lines of business – vehicle claims, vehicle repairs, vehicle solutions and fleet solutions – Solera is home to many leading brands in the vehicle lifecycle ecosystem, including Identifix, Audatex, DealerSocket, Omnitracs, Spireon, LoJack, eDriving/Mentor, Explore, CAP HPI, Autodata, and others. Solera empowers its customers to succeed in the digital age by providing them with a “one-stop shop” solution that streamlines operations, offers data-driven analytics, and enhances customer engagement, which Solera believes helps customers drive sales, promote customer retention, and improve profit margins. Solera serves over 300,000 global customers and partners in 100+ countries. For more information, visit www.solera.com.

Solera provides integrated automotive software solutions that utilize AI and data intelligence to enhance efficiency across the vehicle lifecycle. The company offers various services, including vehicle claims management, repair solutions, dealership management systems, fleet management tools, and data intelligence services.&nbsp;

InsurTech: Infrastructure

UPDATE 1-Solera Holdings joins bidding war for Australia's Infomedia with $443 mln bid

Upptec

Upptec's contents claims software will be integrated with Solera's property claims platform via APIs to digitalize and offer a complete claims management process.

Specialized platforms that streamline and automate claims processing workflows, from initial claim submission to settlement. They may offer software for claims intake, adjudication, fraud detection, and communication with policyholders and third-party service providers

Solera provides integrated automotive software solutions that utilize AI and data intelligence to enhance efficiency across the vehicle lifecycle. The company offers various services, including vehicle claims management, repair solutions, dealership management systems, fleet management tools, and data intelligence services.&nbsp;Solera’s Qapter is an AI-powered&nbsp;<a href="https://sp-edge.com/updates/34818">claims management solution</a> that covers the entire claims journey from first notice of loss to settlement. The system uses computer vision and AI to analyze vehicle damage from images, determine repair operations, and auto-authorize a significant portion of damage claims. This automation reduces the time required for claims processing from days to minutes, lowers estimation costs, and provides instant answers to stakeholders. The platform's efficiency stems from its use of a comprehensive vehicle-repair database and AI-driven workflows, which help streamline processes and accelerate business outcomes for insurers and other parties involved in the claims process.Key customers and partnershipsSolera processes many transactions daily, tracks billions of miles annually, and serves over 235,000 global customers.In May 2024, Solera partnered with Axalta, a global coatings company, to integrate Axalta's conventional and Fast Cure Low Energy (FCLE) refinish paint systems into Solera's Sustainable Estimatics platform. This integration allowed Axalta customers to estimate their CO2 emissions per repair, considering factors like repair methods, paint application processes, and drying conditions.In March 2024, Solera collaborated with Aon, a professional services firm, to help employers deliver personalized employee health experiences and optimize health outcomes for common chronic conditions. The partnership integrated Solera's HALO omni-condition management platform with Aon's Health Risk Navigator predictive analytics tool, providing employers access to Solera's curated network of health resources and the ability to identify high-risk employees.

<div>
 
 AgentSync powers growth for insurance carriers, agencies, MGAs, and producers by offering modern tools for producer and compliance management. With a customer-centric design, seamless APIs, and automation, AgentSync's products reduce friction, increase efficiency, and maintain compliance, ultimately helping to improve the broker onboarding, contracting, licensing, appointing, and compliance processes.
 
</div>

AgentSync

Artificial is an insurance software business offering an algorithmic underwriting, data extraction and machine learning platform to commercial insurers, empowering them to write better risks, faster. We provide solutions to partners across the London and global markets, including Convex, Chaucer and more. Our platform specialises in instantly and accurately capturing data at the point of entry for use in downstream applications. We enable clients to augment this data through effortless integrations and use it to write risks algorithmically, build contracts and plug into other systems. Behind the platform is decades' worth of experience in engineering, insurance and analysis. We do more than just provide software; we work with you every step of the journey to make sure our technology drives growth, improves efficiency and reduces costs across your business.

Artificial Labs

Bambi Dynamic, based in Israel, is a SaaS insurance platform that provides vehicle insurance solutions for car OEMs, mobility providers, insurers, and the mobility ecosystem. As a white-label, cloud-based integrated platform, Bambi Dynamic provides an end-to-end solution that includes onboarding, underwriting, user identification, pricing, policy operations, and loss notice. The platform creates insurance products by measuring usage, events, and behavior, using data collected from various sources including smartphones, connected cars, and smart sensors. Bambi Dynamic’s products include personal auto, personal connected auto, fleet insurance, shared and micro-mobility, MaaS for mobility app providers, and autonomous vehicle insurance.

Bambi Dynamic

CLARA Analytics offers an AI-powered insurance claims platform, aimed at improving claims outcomes. Its core claims platform is called CLARAty.ai, which includes generative and predictive AI models developed specifically for casualty claims. Its platform includes several products: 1) Claims Document Intelligent Pro, 2) Triage, 3) Treatment, 4) Litigation, 5) Clara Fraud, and 6) Clara MSP Compliance.&nbsp;&nbsp;<a href="https://sp-edge.com/updates/32243">Claims Document Intelligent Pro</a> is an AI-powered tool that automates the review of claims documents, including legal demands and medical records. It can analyze thousands of pages in seconds, identify key information, and detect treatment patterns to assess risks, improving efficiency and reducing costs.CLARA Triage is an AI tool for claims professionals that predicts claim severity, identifies high-risk claims, and issues real-time alerts to help adjusters act proactively. It improves productivity, reduces costs, and enables faster resolution of simple claims.CLARA Treatment is an AI tool that scores healthcare providers to identify the best options for resolving workers' compensation cases quickly and effectively. It improves claim resolution times, enhances patient outcomes, and reduces costs by matching injured workers with the right providers.CLARA Litigation is an AI tool that analyzes attorney performance and provides insights to reduce the cost and impact of litigated claims. It offers strategic recommendations for case management and helps optimize attorney selection to support decision-making.<a href="https://sp-edge.com/updates/30120">CLARA Fraud</a> is an AI tool that analyzes large workers' compensation datasets to detect suspicious patterns and clusters of potentially fraudulent activity. It increases visibility into suspicious claims, supports SIU referrals, and reduces losses from undetected fraud.CLARA MSP Compliance is an AI tool that automates Medicare Secondary Payer (MSP) compliance by identifying Medicare beneficiaries, determining the need for Medicare Set-Asides, and assisting with mandatory reporting. It reduces compliance risks, improves accuracy, and saves costs in handling Medicare-related claims.In 2023, the company launched CLARAty.ai, a casualty claims intelligence platform using predictive and generative AI to support claims professionals. It provides insights, recommended actions, and advanced claim summaries to guide next steps, enhancing traditional systems and workflows.Key customers and partnershipsIts notable customers include Berkshire Hathaway Homestate Companies, AmTrust, Amerisure, and QBE.&nbsp;Moreover, the company was selected by Amazon in August 2024, as its technology partner to improve health and claim outcomes for its corporate workers' compensation claims.

CLARA Analytics

Coterie Insurance is an InsuranceTech company that applies an API-based approach and modern technology to commercial insurance. It looks to integrate insurance with platforms and processes that businesses, contractors, and gig workers use every day. The company also streamlines the insurance process for its clients. Its core focus remains on small business insurance. Products that it offers include business owners policy, general liability insurance, and professional liability insurance. Coterie Insurance is privately held and a licensed insurance producer in all 50 US states.

Coterie Insurance

Providers of general, yet comprehensive, end-to-end solutions for insurance companies, covering various aspects of their operations. This includes core systems for policy administration, underwriting, claims processing, billing, and customer relationship management

Specialized platforms that offer lead generation and management services and tools for insurance providers. Tools can include telemarketing, internet, and social media lead generation, referrals, and lead analytics

Underwriting platforms that evaluate risks related to life insurance, health insurance, and related products such as disability and critical illness coverage. They may utilize medical underwriting criteria, genetic information, lifestyle factors, and demographic data to assess applicants' insurability

Platforms that specialize in assessing risks associated with property and casualty insurance, including home, auto, commercial property, and liability coverage. They may incorporate data sources such as property valuations, historical claims data, telematics, and weather patterns to evaluate risk factors accurately

Policy administration systems that focus on managing policy lifecycle activities, including policy issuance, endorsements, renewals, and cancellations. They provide insurers with tools to configure and manage policy rules, coverage options, and premium calculations. Platforms can also have additional functions for commission and performance tracking

Reinsurance technology providers offer a range of innovative tools and services to support reinsurers in managing their operations, assessing risks, and optimizing their reinsurance strategies. These solutions may include advanced analytics, catastrophe modeling, risk assessment tools, portfolio management systems, and underwriting platforms specifically designed for the reinsurance industry

PROMINENT_CATEGORY

<div>
 
 Solera, a software provider for vehicle lifecycle management, will introduce new AI-powered solutions for managing insurance claims at InsureTech Connect (ITC) 2024 in Las Vegas.
 The new offerings from Solera are designed to augment the claims handling process and foster sustainability. This permits insurers to function more effectively, provide precise insights, and assist in calculating and tracking CO2 emissions. Sustainable Estimatics, one of the specific solutions, uses predictive modeling to help insurers make decisions that are both profitable and eco-friendly, like deciding whether to repair or replace parts, and selecting eco-conscious painting options.
 Established in 2005, Solera is an international provider of comprehensive software solutions for the car industry. The firm provides an array of services such as processing vehicle claims, managing repairs, offering dealer solutions, and managing fleets. Solera employs AI and extensive vehicle data to streamline operations across the vehicle's entire lifecycle, which spans from its purchase to repair and salvage.
 
</div>

Solera Holdings

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless