About Claimence
Our Mission
At Claimence, we offer insurance carriers, TPAs, and MGUs an innovative, AI-driven solution designed to streamline the process of managing and investigating management and professional liability claims—from the initial submission by an insured party, to the carrier's issuance of an initial coverage position.
Our cutting-edge product empowers front-line claims professionals by swiftly analyzing the complaint and applicable policy provisions as well as complex coverage scenarios.
This efficiency is expected to allow carriers to issue preliminary coverage positions quickly, which is anticipated to lead to significant savings in personnel costs, including legal and customer service roles, ultimately enhancing the carrier’s return on equity.
Moreover, the rapid issuance of preliminary coverage positions is envisioned to enhance the insured's experience throughout the claim’s review process, fostering a positive relationship with the carrier and potentially encouraging policy renewals.