Insurtech handdii and Nasdaq-listed Verisk have entered a property repair partnership they say will reduce claim life cycles.

handdii calls itself a “three-sided marketplace”, connecting customers directly with pre-vetted, highly rated local contractors on behalf of insurance companies. 

The company, founded in Australia by insurance veterans Kathryn Wood and Christie Downs, now has a trades network in the US spanning 35 states.

Under the new partnership, claim data from Verisk’s XactAnalysis platform – which offers claims management for all phases of repairs – will go to handdii for prompt assignment of a pre-qualified contractor, with an option to use Verisk’s Xactimate estimating tool.

“After rigorous quality assurance checks by handdii’s team, the estimate is submitted to the adjuster via XactAnalysis for review and claim approval,” the insurtech said.

“Once the policyholder selects the handdii contractor to proceed with repair works, the handdii platform facilitates the collection of necessary approvals, payment of the deductible, and offers full transparency throughout the repair process.”

handdii CTO William Bartley says the collaboration automates the exchange of claim data and communications, and simplifies the reconstruction process for an “easier and better experience for policyholders, contractors and insurance companies”.

The insurtech says it helps to control cost, timeliness and transparency in the repair process, and delivers a “convenient and delightful” experience for all parties, boosted by a multi-party chat feature for all stakeholders.

“By connecting policyholders, contractors and adjusters, appointments and decisions are expedited and integrated into XactAnalysis,” handdii said. “This integration eliminates the need for adjusters to switch between multiple platforms, facilitating a first-class digital claims experience for policyholders and providing flexibility for local contractors.”