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Xtract & Fixico The Future of Modern Claim Handling

April 24, 2024

The vehicle incident claims process can leave you feeling like you’re drowning in paperwork, navigating through endless manual processes. That’s been the reality for the Insurance and Fleet industry for far too long – cluttered desks, stacks of forms, and time-consuming phone calls - sounds familiar, right?

All these outdated methods not only slow things down but also eat up valuable time and energy. Who has time for that! Certainly not in today’s fast-paced world.

And let’s not forget the unintended consequences - unnecessary workload, more frustration and less satisfaction all around. So where’s the relief in all this chaos?

Enter Xtract and Fixico. To solve many of these challenges, Fixico and Xtract have joined forces to deliver an integrated solution for insurance companies and commercial fleets, seamlessly bridging the gap between incident reporting and repair management.

As the leading provider of digital First Notice of Loss (FNOL) and incident reconstruction solutions, Xtract offers a fully configurable FNOL platform that leverages vehicle telematics and AI to reduce and lower costs of claims processing. This is complemented by Fixico's digital repair management platform, which features a wide ranging repair network across Europe, giving customers full control of their vehicle repairs, reducing costs and minimising vehicle downtime.

By streamlining our platforms together, we provide powerful benefits.

  • Optimising our user's journey.  Say goodbye to the headache of navigating through the labyrinth of vehicle repairs with our platforms that simplify the entire process, ensuring a hassle-free experience for both customers and drivers. And the best part is no more drowning in a sea of paperwork - it's all digital and at the access of your mobile devices.

  • Reducing Costs - with our joint solution we find a huge saving in investigation costs, legal fees and significant reductions in third-party capture costs. A win-win for your business' wallet.

  • Saving Time - time is money, and we all know that - who has the time to waste? With our joint solution you can reduce the average claim processing time by 10% to 30%, and decrease repair cycle times by up to 70%. This enables you to get back to what matters most - running your business efficiently. 

Our full webinar recording is available on request.

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