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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 Shift Subrogation?

Shift Subrogation is an innovative software-as-a-service (SaaS) platform powered by artificial intelligence that independently identifies, assesses, and highlights potential subrogation recovery opportunities for insurance companies, particularly within the Property & Casualty (P&C) industry. By merging structured data such as policy details and claims with unstructured text, including loss descriptions and comments from adjusters, the system utilizes generative AI along with a range of analytical models to determine liability, apply relevant state laws and negligence principles, and examine exposures while factoring in statute limitations and jurisdictional regulations, as well as referencing external sources like product recalls. It generates alerts that come with scores and detailed explanations for each recovery opportunity, enabling claims handlers to grasp not only which cases are worth pursuing but also the rationale behind each suggestion. The platform also features continuous monitoring of claims, adapting alerts as new information emerges or as assessments of recoverability evolve over time. This ongoing vigilance helps insurance firms stay informed and take proactive steps in their recovery strategies, ultimately enhancing their operational efficiency in managing subrogation claims. Consequently, the integration of advanced technology ensures that these companies are equipped with the insights needed to maximize their recovery potential effectively.

Media

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Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Strada

Date Founded

2023

Company Location

United States

Company Website

www.getstrada.com

Company Facts

Organization Name

Shift Technology

Date Founded

2013

Company Location

France

Company Website

www.shift-technology.com/products/subrogation

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