It will help strengthen both the solutions and experience Davies can offer on a global scale, says chief executive

Specialist insurance technology business Davies has today (23 January 2023) revealed the purchase of US claims management software firm Quick Internet Software Solutions Inc, which is known as ClaimPilot.

consumers happy sad

Read:In Focus: How can firms start to prepare for the FCA’s incoming Consumer Duty?

Read: Davies launches new technology solution division for insurers

Not subscribed? Become a subscriber and access our premium content

Explore more M&A-related content here and discover more news content here

This will see Texas-based ClaimPilot join Davies’ global technology unit.

Meanwhile, ClaimPilot’s president and chief executive David Quick will continue to lead the business, reporting to Davies’ senior vice president of technology Jason Wolfe.

All ClaimPilot employees will continue in their roles with Davies.

Dan Saulter, Davies’ group chief executive, said: “As one of the early creators of web-based claims management software in the US and a long-standing advocate for digitisation within the insurance industry, ClaimPilot will strengthen both the solutions and experience we can offer our insurance clients globally.”

Strong union

ClaimPilot provides claims management software for property, liability, workers’ compensation and auto claims for third party administrators (TPA), independent adjusters and self-insured entities.

The firm’s Software as a Service (SaaS) platform helps with claims visibility by using personalised tracking and reporting solutions as well as access to real time data.

Read: Davies launches Insurance Skills Bootcamp to attract talent to industry

Read: Davies completes Lloyd’s Asta buy

Explore more M&A-related content here and discover more news content here

Its platform can also be integrated with an insurer’s system to allow for electronic data exchange.

ClaimPilot also has Lloyd’s reporting capability so users can report specific data on risks and claims under contracts with syndicates.

Bordereau reports can also be generated to examine future exposures and pay-outs to help insurers determine premium adjustments and trends.

David Quick, president and chief executive of ClaimPilot, added: “I’m really pleased that ClaimPilot is joining Davies. Our shared focus on innovation and exceptional service makes this a strong union to help the insurance community navigate increasingly complex challenges.

“I look forward to working with Dan and the wider Davies team to develop and strengthen our claims solutions for our clients.”

Topics