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What is Strada?

Strada serves as an AI-powered phone assistant tailored for professionals within the insurance sector. Insurance companies, managing general agents (MGAs), and brokers use Strada to manage a substantial volume of calls—including renewals, claims, quotation intake, first notice of loss (FNOL), and policy administration—without the need to expand their workforce. This cutting-edge solution enables clients to receive continuous service without any waiting time, allowing your team to focus on closing sales and developing client relationships more effectively. Strada shines in various aspects: - Automatically oversees renewals, FNOL, claims, and policy servicing - Provides 24/7 support with immediate response times - Efficiently handles thousands of calls simultaneously - Allows agents to focus on sales and enhance customer service As an all-encompassing automation tool for the insurance industry, Strada successfully removes delays in call handling and minimizes post-call administrative burdens, resulting in better customer retention, quicker claims processing, prevention of policy lapses, and a more efficient and intelligent service experience for clients. Moreover, by optimizing operational workflows, Strada significantly boosts overall team productivity and enhances customer satisfaction, making it an invaluable asset in the competitive insurance market.

What is Facio?

Facio offers AI-enhanced software infrastructure specifically designed for specialty insurance organizations, including Managing General Agents (MGAs). Our cutting-edge platform, FacioMGA, supports the entire lifecycle of policies, which includes steps such as submission intake, risk assessment, underwriting, quoting, binding, policy issuance, endorsements, billing, commissions, compliance, reporting, renewals, and various integrations. Clients enjoy the flexibility to tailor products, rating criteria, eligibility requirements, workflows, documents, and permissions without the necessity of reengineering their technology for each program they implement. Furthermore, Facio supplies independent services that assist with surplus-lines tax and fee calculations, SIC/NAICS classification, sanctions screening, actuarial functions, and automated processes for addressing carrier declinations. Our innovative Org2vec technology creates a memory system founded on evidence that connects policies, contracts, financial records, assets, suppliers, cybersecurity protocols, and operational data. Alongside this, Facio Eigen offers a zero-trust control framework that rigorously enforces permissions, rules, approvals, and audit trails for decisions and actions enhanced by AI. Utilizing these sophisticated technologies allows organizations to optimize their workflows, improve compliance measures, and ultimately drive better business outcomes. The integration of these tools positions us as leaders in enabling a more efficient and compliant insurance sector.

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Media

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Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Custom pricing

Pricing Information

$65/mo./user + cloud
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Online Training

Training Options

Online Training

Company Facts

Organization Name

Strada

Date Founded

2023

Company Location

United States

Company Website

www.getstrada.com

Company Facts

Organization Name

Facio

Date Founded

1600

Company Location

United States

Company Website

www.facio.io

Categories and Features

AI Insurance

Not specified

AI Voice Agents

Not specified

Categories and Features

AI Insurance

Not specified

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