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May 1, 2019

Symbility & CoreLogic; A Powerful Union

Sheldon Levine

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Symbility and CoreLogic have had a strong partnership since 2012. In 2018 CoreLogic cemented that relationship by acquiring Symbility. The combination of premier property data, imagery, and analytics from CoreLogic and the industry’s most modern and collaborative claims technology platform from Symbility brings the industry the right data where and when it’s needed.

Who Is CoreLogic?

For those that aren’t familiar with CoreLogic, we are the market leading company that specializes in property information, analytics, and data-enabled solutions. This means that we are the dominant resource for property information and data in Australia, New Zealand, Canada, and the United States. Whether you know it or not, you’ve likely come across CoreLogic’s data through housing reports, real estate listings, construction cost data, and other government and banking avenues. This data is highly valuable for insurers.

Why is This Data Important?

In order to accurately assess a claim, property insurance field adjusters need the most accurate and up-to-date information about a damaged property. Adjusters are able to directly acquire the latest residential and commercial property data from CoreLogic’s RCT Express® and Commercial Express® underwriting solutions and have it automatically added to a claim file within Symbility Mobile Claims. Having access to this vital data allows carriers and adjusters in the field to initiate a claim before an adjuster actually arrives on site.

Our claims management cloud platform has a bilateral communication with the CoreLogic underwriting tools. This means that not only can we tap directly into our underwriting solutions and bring their valuation data directly into a claim, but it also allows field adjusters to report back discrepancies in the underwriting file, for example, possible changes that have been made to properties since their original underwriting assessment, and feed that updated data directly back to UnderwritingCenter™.

CoreLogic prides itself on our breadth of unmatched, and trusted property data. That same data flows freely through all of our products, including the Symbility family of products, ensuring that you have accurate and consistent data to make better business decisions with.

How Does This Data Help Your Policyholders?

In unfortunate times following the wake of a natural disaster, or even isolated incidents affecting a single home, carriers are charged with helping policyholders start claims so they can start to put their lives back together. Carriers that are utilizing CoreLogic | Symbility products to help service their policyholders can tap directly into the right data simply by starting a claim. Once a claim is started, the complete underwriting valuation report will be brought automatically into the claim. This information allows carriers and adjusters in the field to make headway on claims before adjusters even set foot in affected areas. This, in turn, allows claims to be completed in a quicker manner and helps policyholders start to rebuild as fast as possible.

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