Estimate AI Solutions

 

Welcome to Estimate AI Solutions, a web-based service designed to help you review and update estimates in minutes, not hours. 

Let's log in! Users can purchase access directly through our website or by having their company sign up for services. Each user will receive a welcome email that guides them through setting up a login and provides a video tutorial. 

Once the user logs in, they are directed to their project page. Here, they can view and access any pending projects, as well as the last step they completed. They can also start a new project. 

Depending on how the user has labeled their current estimate in Xaxctware, they can enter it into the sync and lookup tool, then select 'Lookup' to verify that the correct estimate is pulled into the estimate assistance tool. Here is where the magic happens! Our tool reviews both the adjuster estimate and the comparison estimate to identify differences and highlight them for quick review and editing, saving users hours or days.

We are currently integrating with Verisk, the world's largest estimate writing software provider, and have initiated discussions with CoreLogic, the second-largest estimate writing software company. 

 

• Data collected by Marketing and Consumer groups, such as JD Power and the National Association of Insurance Commissioners, shows that the number one customer complaint is timeliness in addressing supplements. The data also reveals a direct correlation between exceptional customer experiences and customer retention and new business. 

• Data from Employee Satisfaction Surveys via LinkedIn show that the main complaint is feeling overburdened and lacking a sufficient work-life balance. 
 

 • Numbers are based on data collected by the National Association of Insurance Commissioners on the anticipated continued growth of reported claims, at 8-12% annually. Therefore, every year, the workload is only going to increase.  With the current process in place, time studies show that the average supplement takes 75 minutes to review, update, and settle. 
  Per peer discussion, it takes 1-2 days on average for more significant claims for a full review and updating! 
 

The current insurance industry is gearing up for innovation by utilizing AI for underwriting, initial claim inspections, and initial claim setup, but no one is examining the most complex and time-consuming aspect – supplement requests. 
 

I know this is a fantastic opportunity for innovation that we cannot let slip by. With the increasing number of insurance companies transitioning to more desk adjusters and the rise of public adjusters and contractors hiring estimate writing services, the time and energy required for supplement reviews are overshadowing the attention adjusters can devote to incoming new claims. In addition, we also know that 80-85% of estimates from contractors come in the same format using Xactware, allowing for an astronomical opportunity for prospective clients who are either struggling with staffing or claim costs. The Estimate Assistance Tool opens the door to sales potential, as all industry leaders would love to reduce costs, increase productivity, and reduce employee workloads. 

 Estimate Assistance Tool will save time, money, and resources for our clients.  Reach out today to learn more about how you can join us!