Audatex U.S. and Explore Information Services Combine Operations to Form AudaExplore Combination Offers Insurance Customers Unique, Best-In-Class Claims and Underwriting Solutions
SAN DIEGO, March 5, 2013 /PRNewswire/ -- Audatex North America, Inc., a leading provider of solutions and services to the U.S. automotive insurance claims processing industry and an operating unit of Solera Holdings, Inc., the leading global claims solutions provider serving the automotive industry, and Explore Information Services, LLC, ("Explore") a premier provider of automotive insurance underwriting and analytics products and government information solutions, and a wholly owned subsidiary of Solera, today announced that Audatex's U.S. operations ("Audatex") will be combined with the operations of Explore to form "AudaExplore."
The combination of Audatex and Explore will leverage the best of both organizations, and offers insurance customers a "one stop shop" for best-in-class claims and underwriting solutions that are not available from any other vendor in the marketplace today.
"The formation of AudaExplore enables us to combine the vehicle and claims data from Audatex with the underwriting expertise, analytics skills and location-based risk information from Explore. Together, we are capable of delivering even more powerful claims, underwriting and rating products to our customers," said Steve Webb, Regional Managing Director for AudaExplore. "AudaExplore is dedicated to providing innovative, data-driven solutions that make our insurance, repair shop and government customers more competitive and profitable."
The creation of AudaExplore will enable the organization to more completely serve the growing needs of its customers. Combining the deep talents of its product development and data analytics teams enables AudaExplore to form an even stronger, more diverse innovation team. The team will focus on bringing the proven predictive modeling, analytics capabilities and location data of Explore to develop predictive insurance claims solutions, as well as new underwriting solutions that utilize vehicle and claims data. In addition, uniting its information technology and insurance sales groups creates a more tightly integrated, world-class organization capable of optimally serving customers' claims, repair and underwriting needs.
Founded in 1989, Explore has grown steadily over the past 24 years, serving the insurance industry and state government agencies. Explore's insurance solutions allow underwriters to identify risk exposure, while its government solutions enable state agencies to be more efficient and more responsive to their constituents. In June of 2011, Solera completed the acquisition of Explore, and Explore has successfully been working with Audatex U.S. for the past 20 months.
Audatex provides intelligent solutions and services that improve the efficiency of the automotive claims processing and collision repair workflows. In the fall of 2012, Audatex announced the North American debut of AudaNet™, its intelligent, next-generation claims and collision repair platform. Built on proven technology successfully used for years across 20 countries throughout Europe, AudaNet processes thousands of transactions daily. It has been optimized for the North American market to seamlessly connect insurers, independent appraisers, repair shops and vehicle owners.
AudaExplore is a leading provider of automotive claims, underwriting and information solutions to the insurance carrier, repair shop and government agency markets. AudaExplore is a business unit of Solera Holdings, Inc., the leading global claims solutions provider serving the automotive industry. Solera provides world-class claims, underwriting and information solutions that help customers automate their processes; managing millions of claims each year efficiently and effectively, and resolving billions of dollars in claims settlements. As part of the Solera group of companies, the AudaExplore, AUTOonline, Market Scan, Sidexa, Informex, Inpart, ABZ, Hollander, HPI and IMS businesses all draw on unique global experience to develop and deliver the latest technologies, market intelligence and best practices on a local level. For more information, please visit our websites at www.exploredata.com and www.audatex.us.
SOURCE Audatex North America, Inc.