News from Elevate 2018

February 13, 2018 / 2 min read

SALT LAKE CITY, Utah — Tuesday, February 13, 2018 —

Today at Elevate 2018, Xactware president Mike Fulton and president Jeffrey C. Taylor jointly announced dramatic new estimating capabilities based on data in Xactware's Xactimate estimating system. The new solution, slated for a March 2018 release, means estimators can start an estimate with much, if not most of the hard work done. Both Xactware and Verisk companies.

“Xactware, and many other Verisk companies are using sophisticated artificial intelligence and computer vision to develop some amazing products that will make your work much easier,” Mike Fulton, Xactware president, told conference attendees. “This is an exciting time for us.”

In addition to its vast library of imagery and data, Taylor said Geomni also supports a range of ad-hoc services. “We have drone and mobile solutions to support a do-it-yourself workflow or a full-service workflow where we can take care of everything for you.”

Fulton also welcomed Service Software to the Xactware family. Service Software is the developer of several elite tools for the construction industry that are centered on workflow and management. Service Software was acquired by Xactware in late December, 2017.

The “Elevate 2018” brand was adopted this year as the event combines two Verisk company conferences – the Xactware User Conference which has been held in Salt Lake City for the past eight years and the PCS Catastrophe Conference by Property Claims Services, which has a nearly 30-year history.

This year's Elevate 2018 also included a track for users of Xactware's XactPRM, a product designed for professionals who oversee, manage, repair, and maintain bank-owned or foreclosed properties.

Fulton announced several product improvements that customers are using now or will see sometime this year:

The increasing integration of artificial intelligence tools to prefill insurance claims with information to save insurers time and effort
Improved access to post-catastrophe imagery mapped directly onto a 3D plan to assess actual damage from a storm
Improvements in XactAnalysis, the company's business management tool, that integrates with ISO ClaimSearch to help detect potential fraud
A new version of the company's flagship estimating tool Xactimate for desktop
Improvements to Xactimate's mobile app
Improvements in flood estimating features
Better tools to involve policyholders in the process of resolving a claim
Tools to track a storm, and to evaluate storm damage after the fact

The new Elevate brand, Fulton said, “reflects our commitment to serve you and to innovate. Every year at this conference we renew that commitment: to elevate our game and to push our technology in ways that help you provide critical services to your customers.”

Elevate 2018 continues through February 15 and features two days of keynotes, break-out sessions, lab experiences, and much more on February 13-14, plus a bonus day of free training on February 15.