AXA UK to Use Verisk's Live Video App for Commercial Property Claims
LONDON, June 1, 2020 /PRNewswire/ -- AXA UK is broadening its use of live video to settle commercial property claims, as the insurer renews its contract with software provider Verisk. They can evaluate the damage immediately and offer a cash settlement. If the policyholder agrees to the amount, the money can reach their bank account within two hours, thanks to a separate payment arrangement. This will provide a rich source of data that AXA's claims analytics team can use to drive better decision making, thus improving efficiency and customer outcomes. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields.