The company announced a bold new direction and an enterprise-wide solution designed to unify underwriting, risk and claims workflows
Arturo, the property intelligence company that delivers portfolio-wide underwriting, risk, claims and catastrophe-driven event insights, today announced a new business strategy to help lead the property intelligence industry to better meet the complex, end-to-end needs of its customers. On the heels of a bolstered executive team with the addition of Greg Oslan as CEO and Mehrshad Setayesh as SVP of Engineering, this new business strategy marks a major milestone in Arturo’s evolution, further solidifying its position as an insurance industry leader capable of translating disparate data into simple and effective workflows.
“One of the most prevalent struggles facing our customers and the industry at-large centers around property information creation and collection,” said Arturo CEO Greg Oslan. “Not only is this process often wrought with opaque, inconsistent and inaccurate data, but when combined, this data does little in the way of actually providing a unified source of truth for portfolio-wide risk and impact. Too often, it creates confusion and increased risk for an insurance provider when the claims group is using different property information than underwriting or risk, which causes mistakes and inefficiencies.”
To streamline insurance processes, the company’s new strategy will prioritize the deployment of an enterprise-class solution that uses property-level data to enable faster and more cost-effective decisions across the following segments:
- Underwriting - From risk assessment at point of quote, to change detection at renewals, Arturo connects previously disconnected data and converts it into valuable, tangible portfolio insights for carriers to move quickly, operate efficiently and price effectively.
- Risk - From pricing risk to wide scale portfolio risk assessments in underwriting-to-claims monitoring, Arturo’s intelligent analytics platform provides clearer risk visibility and better decisioning across a carrier’s entire portfolio.
- Claims - From adjusting to weather-related impact to triage, Arturo technology integrates all past, present and future-modeled insights needed for accurate and quick claims management, so processing times and operational costs diminish while customer relationships endure.
Arturo works with insurers like USAA, American Family, Openly, IAG and Suncorp, diving deep into their businesses to fully understand each insurer’s unique challenges. “Arturo is building off five years of this experience to develop an end-to-end computer-modeled property intelligence solution to drive business impact across all phases of the insurance lifecycle,” said Oslan. “For Arturo, our portfolio approach will allow us to better serve the needs of our customers, optimize how carriers operate and protect the assets that policyholders value most at a lower cost.”
To that end, at PLRB, Arturo will be unveiling a new claims solution designed to allow users to leverage the combined power of carrier claims data and Arturo property intelligence. This will enable users to expedite fair assessments, streamline claims management and predict impact beyond today.
To learn more about Arturo, visit www.arturo.ai.
About Arturo
Arturo’s AI-based solution helps insurers securely underwrite risks, efficiently allocate resources and lower claims cost across their book of business, allowing them to focus on what matters most: the customer, and our shared commitment to protecting our world. See more about what Arturo can do at arturo.ai.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230320005106/en/
