July 30, 2016 6:56 PM ET

Software

Company Overview of Xactware Solutions, Inc.

Company Overview

Xactware Solutions, Inc. provides technology tools and online systems for replacement-cost calculations, estimate tracking, and data trending. The company specializes in property insurance, remodeling, and restoration industries. It offers Xactimate for claims estimating; Aerial Sketch for roof-dimensioning; Xactimate Express, an online estimating application for call centers and desk adjusters who handle structural or contents claims over the phone; XactContents for content estimating; and XactAnalysis, an assignment network and analytical tool. The company also provides XactAnalysis for service providers, an online management tool for assignment receivers, such as insurance repair contract...

1100 West Traverse Parkway

Lehi, UT 84043

United States

Founded in 1983

Phone:

801-764-5900

Fax:

801-932-8013

Key Executives for Xactware Solutions, Inc.

President
Chief Financial Officer and Senior Vice President
Chief Operating Officer and Senior Vice President
Chief Legal Officer and Executive Vice President
General Manager of Implementation
Compensation as of Fiscal Year 2016.

Xactware Solutions, Inc. Key Developments

Deacon Deploys Xactware's Suite of Claims Handling Solutions

Deacon has deployed Xactware's suite of claims handling solutions to reduce claims settlement cycle times and claim-handling costs. Since implementing Xactware's tools, including its web-based claims estimating solution, Xactimate online, and its claims management solution, XactAnalysis, Deacon has significantly reduced its average validation workflow with the capability to respond within just one day. Deacon's claim team uses Xactimate online to scope, estimate, validate, and settle property losses from the office. XactAnalysis enables Deacon's claims negotiators to more easily assign claims, monitor the status of assignments, and benchmark company performance.

Covea Insurance plc Deploys Xactware's Claims Estimating Solution

Covea Insurance plc has deployed Xactimate, Xactware's claims estimating solution, for its property workflows to shorten the claims journey from first notice of loss to final settlement. Covea Insurance desk adjusters use Xactimate online to scope, estimate, validate, and settle property losses - all whilst at the office. With this innovative approach to claims handling, Covea Insurance has successfully improved efficiency, tightened control over claims costs, and enhanced the quality of customer service.

Xactware Announces Expansion into Germany

Xactware announced that it will expand into Germany with a new suite of claims solutions. Eucon GmbH is Xactware’s exclusive representative in Germany. Xactware’s solutions are heavily used in countries where they have been introduced. In the United States, 22 of the top 25 property insurers use Xactware’s property claims solutions, as do 10 of the top 10 in Canada. The company has recently expanded into Belgium, the Netherlands, Australia, and New Zealand.

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Recent Private Companies Transactions

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