Crystal Lake, IL - DigsFact Inc, an innovative SaaS product that accelerates the estimation of property claims, repair and renovation projects, has today announced a new integration with Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider. For the first time, adjusters can now quickly initiate a DigsFact project from within Verisk's XactAnalysis and Xactimate products, allowing adjusters and contractors to improve collaboration and shorten claims cycle times, enhancing the policyholder experience.
When a property claim is filed, a claims representative travels to the claims site to assess the damage and estimate the repair costs. Onsite activities, including evaluating the structure, collecting detailed measurements, itemizing materials, and documenting any damage or risks are time-consuming and costly. Billions of dollars of work in the built-environment economy are held up by property assessments that require in-person visits. Delays can also be challenging for the policyholder, as they are waiting for the estimate to be ready and repair work to begin.
DigsFact's new integrations into Verisk's products can help to speed up the process, making it easy to launch software to allow the capture of an image that can encompass an entire damage area. From there, DigsFact generates a measure-ready photo in real-time for the desk adjuster to provide on-demand measurements. This gives industry professionals access to all the data they need to estimate the repairs associated with a claim from just a few photos uploaded by the claims professional, or even the policyholder.
For contractors who currently use Xactimate to estimate home repair and renovation jobs, DigsFact's efficiencies can allow them to provide more quotes per day. The contractors can estimate projects remotely in minutes, from photos taken by the homeowner, in real-time. DigsFact's integration with Verisk also allows contractors to have an interactive and guided LIVE video session with the homeowners, if needed. The contractor can guide the homeowner on the appropriate photos to take and get the measurements, materials, and other information from those photos in real-time.
"We have received requests from multiple P&C carriers regarding the integration and availability of our product from within XactAnalysis or Xactimate", said Nishant Tomar, Chairman and CEO of DigsFact. "Our AI and computer vision-based proprietary technology can accelerate the claims process and improve the adjuster's productivity by 300 percent and will reduce the adjustment expense by 60-90 percent. For the contractors in the home repair and renovation industry, this means more revenue, as they can offer more quotes per day to potential customers."
For adjusters or contractors who need to visit the site in person for claims, repair or renovation projects, DigsFact's "GotSnap" mobile app is an easy tool for them to take measurements or create sketches in seconds and store them as digital record for any measurements that may be needed even after they leave the site, or for audit purposes.
"We strive to deliver technology-driven solutions that help insurers respond to their customers as expeditiously and accurately as possible at the moment a loss is reported," said Aaron Brunko, president for property estimating solutions at Verisk. "Working with ecosystem partners including DigsFact becomes more critical as insurers seek solutions to improve the policyholder experience, reduce cycle times and leverage newer technology to help accelerate the recovery process and keep business moving forward."
About DigsFact
DigsFact uses AI & computer vision to speed up and simplify the estimation phase of property claims, remodeling, repair & installation projects. Learn more: https://digsfact.com
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VERISK ANALYTICS, INC. 
