Business Daily Media

Men's Weekly

.

Solera to Acquire ENData - PR Newswire APAC

  • Written by PR Newswire

Acquisition will extend Solera's global leadership in data and technology-enabled claims management solutions

WESTLAKE, TX, July 19, 2021 /PRNewswire/ -- Solera Holdings, Inc. ("Solera"), a global leader in risk and asset management data and software solutions for the insurance and automotive industries, today announced that it has entered an agreement to acquire ENData Pty Ltd ("ENData"), a Brisbane, Australia-based insurance technology provider. ENData's data-driven property repairs and contents replacement solutions simplify and automate the fulfillment of insurance claims. This acquisition will further solidify Solera's position as the leading provider of data and technology-enabled solutions that power the automation of property claims management[1] for Property and Casualty insurers.

Through its intelligent platform, ENData partners with insurers to efficiently and dynamically allocate workstreams to participants in the property claims process. ENData delivers unmatched outcomes in terms of cost, quality, reduced workloads, and speed of claim resolution.

"The global increase in property insurance claims combined with a lack of standardization creates significant opportunity for Solera's AI-driven technology to reduce variability, accelerate business outcomes and improve the customer experience," said Darko Dejanovic, Chief Executive Officer of Solera. "ENData will further expand Solera's position in Australia, and globally, as the leading provider of innovative solutions across the entire insurance claims ecosystem."

Together with ENData, Solera now provides claims and supply chain management solutions to all of the top five general insurance companies operating in Australia, with data and technology solutions that are further extensible around the world.

"We are excited that ENData will be joining Solera, the undisputed global leader in insurance claims, allowing the newly-combined team the opportunity to continue to drive innovation and growth," said Mike Lee, Chief Executive Officer of ENData. "ENData's customers will benefit from Solera's ability to scale their solutions to meet insurers' expanding needs across both property and auto claims."

The acquisition is expected to close during the third quarter of calendar year 2021, subject to customary closing conditions and regulatory approvals.

About Solera

Solera[2] is a global leader in risk and asset management data and software solutions, empowering companies across the automotive and insurance ecosystem with trusted solutions that adhere to the highest standards of data privacy, security, and integrity to support connectivity across the vehicle and property value chain. Solera's solutions bring together customers, insurers, and suppliers, empowering smarter decision-making through service, software, enriched data, proprietary algorithms, and machine learning[3] that deliver insight and ensure customers' vehicles and property are optimally maintained and expertly repaired. The company is active in over 90 countries across six continents, processing more than 300 million digital transactions annually for over 235,000 customers and partners. By drawing on the market-leading solution capabilities and business process best practices from its technologies around the world, Solera provides unsurpassed scale and strength with superior performance while delivering innovation to move the industry forward.

About ENData

ENData is a Brisbane-based insurance technology company that provides claims and supply chain management solutions to the general insurance industry in Australia. ENData provides configured web-based systems that facilitate and simplify the allocation and management of insurance property repairs and contents replacement through the consolidation and automation of tasks in the insurance claims process. The ENData ecosystem includes builders, restorers, contents suppliers, loss adjusters, and claim specialists to deliver clients a single source of truth and the best user experience available.

Source: Solera Holdings, Inc.

References

  1. ^ claims management (www.solera.com)
  2. ^ Solera (www.solera.com)
  3. ^ machine learning (www.solera.com)

Read more https://www.prnasia.com/story/archive/3446033_AE46033_0

AWS research shows strong AI adoption momentum in Australia, with startups outpacing large enterprises in innovation

Amazon Web Services (AWS), an Amazon.com company, released new research revealing that while artificial intelligence (AI) adoption continues to acce...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs,  has today appoint...

Sell by LayBy