Insuranceciooutlook

n2uitive Bags $1.3M to Revolutionize Claims Processing

By Insurance CIO Outlook | Tuesday, February 11, 2020

n2uitive has secured $1.3 million to bolster the company's next-generation claims interview platform.

FREMONT, CA: The leading claims interview and recorded statement management solution provider for auto, home, and workers compensation insurers, n2uitive, has raised $1.3 million. This round of funding was led by Cascade Seed Fund, headquartered in Bend, OR. The raised capital will be used for launching the company's next-generation claims interview platform, featuring comprehensive workflow automation and interview intelligence capabilities. The recorded statement claims interview process is time-consuming and disjointed for claims adjusters. According to the recorded report, claims adjusters find claims interviews slow and ineffective, which in turn prevent insurers from offering timely responses to customers making claims.

n2uitive eliminates the pain out of this process by moving enterprise insurance customers and claims adjustors away from outdated methods. This approach of the company results in merely 'compliance artifacts' to deliver claims intelligence and insights into the interviews and investigations themselves. The raised capital will drive n2uitive's ability to help insurers make accurate and consistent liability decisions and unlock value from their recorded statements. The claims interview process until today depends on paper interview guides, manual file uploads, handheld recorders, emailed audio files, and other time-consuming manual tasks. n2uitive's platform simplifies the claims investigation and interview process for claims adjusters. The company provides valuable insights for insurance companies to improve claim outcomes.

n2uitive is the pioneering SaaS claims interview and recorded statement management platform for home, auto, and workers compensation insurers. The company has the biggest repository of claims statement recordings in the industry, operating more than 70,000 new recorded interviews each month and storing over 2,300,000 hours of recorded discussions. N2uitive offers property and casualty claims insurers a web-based documented statement management solution, streamlining the retrieval, recording, and transcription of claims interviews.

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