Insurance - Property/Building Inspection

YRfree technology offers the Insurance industry the opportunity to make considerable cost savings.

A typical property claim, say for flood damage caused by a burst pipe, currently requires at least one visit from a contractor and a visit from a loss adjustor/building inspector. The miles travelled and time taken, preparing written reports etc, before any work can begin, are considerable. Then if there are any amendments to the schedule of work or additional work is required, the whole process starts again.

With YRfree technology the contractor, or any appointed representative of the insurer, can stream live video, direct from the scene, to a qualified assessor based at a central location. The video is tagged with data, which can be compared with a database of pre-defined costs, to enable an instant quotation to be prepared. Any questions the assessor may have can be discussed with the representative on site and an on the spot decision can be made as to whether or not work can begin.

The contractor has the ability to call in various levels of expertise and can stream live video to the insurer for staged approval and for approval of any variations to the job.

Once the work has been completed, the contractor can stream a video from the scene, with the policy holder present, to get final approval for the job to be signed off; without the need for any further site visits.

This means that more claims can be assessed in a day, with less miles travelled, expensive resources like skilled loss adjustors can be office based, some time consuming pen and paper tasks can be eliminated and costs can be controlled more strictly.

The live video streams and any supporting documentation can be stored in your existing claims management system. A full audit trail can be produced for each claim and any relevant data can be extracted to further streamline the workflow process.