BUFFALO, N.Y., Oct 9, 2019 /PRNewswire-PRWeb/ -- Utilant,
the provider of the P&C insurance industry's premier loss
control survey management SaaS platform, announced that a series of
new premium brand customers have selected Loss Control 360 in 2019,
including four tier-one U.S. P&C insurance carriers, one
tier-three U.S. P&C insurance carrier, a Canadian tier-one
entity, and one of the largest global insurance brokers. These new
customers significantly increase Utilant's market share and
continue to drive global adoption of its Loss Control 360 SaaS
Platform.
Utilant's successful global footprint now boasts three times the
market share, based on Direct Written Premiums, of the P&C
insurance survey software market compared to its next closest
competitor.
"We are seeing increased demand from P&C insurance companies
to find the best in class loss control management platform," said
Greg Osborne, SVP of Sales at
Utilant. "Our new clients recognize Utilant's Loss Control 360 as
the most fully featured and configurable survey management software
designed for Loss Control and Premium Audit surveys."
Loss Control 360 acts as a P&C insurance company's platform
for streamlining the entire loss control business process while
connecting with the insurance carrier's other core systems,
inspection firms, and InsurTech companies with supporting
technologies, creating enhanced capabilities to automate, identify,
manage, and reduce risks. Seamless integration with core
applications such as Underwriting, policy administration, claims,
data warehouses, and imaging systems, allows for automated ordering
of surveys, as well as in-depth data mining and the production of
key metrics, to reduce losses and improve performance through the
use of one global platform configuragle to the needs ot the P&C
insurance carriers, brokers and inspection firms.
"Utilant's loss control products give our clients a competitive
edge amidst the volatility of potential insurance claim losses,"
said Rob Mikulec, CRO at Utilant.
"Being at the forefront of delivering a platform solution to help
our clients successfully evaluate and reduce policy risk, enables
us to support the core and most critical piece of their
business."
About Utilant and Loss Control 360
Utilant's Loss Control 360 is the "best-in-class" Loss Control
Survey Management Platform for P&C insurance and
inspection/risk engineering companies, establishing its position as
the hub for connecting insurance core systems, inspection firms,
and InsurTechs to comprehensively transform the global insurance
industry workflow. The solution supports Commercial, Personal, and
Specialty lines, and is deployed via a SaaS model. Utilant's Loss
Control 360 platform is used by leading Insurers around the world,
as well as by top inspection vendor survey companies across
North America. The Loss Control
360 platform helps Insurers to efficiently survey and score risks
for an efficient underwriting process across all lines of
commercial and residential business. A typical implementation
provides positive ROI within the first year. More information on
Utilant and Loss Control 360 is available at
http://www.losscontrol360.com.
SOURCE Utilant