(University Park, IL) December 3, 2018 – Insuresoft, a leading core platform provider for property and casualty insurers, and Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, Inc. (NYSE:KAR) announced today that Falcon Insurance Group will be Insuresoft’s first client to go live on the real-time integration of IAA’s auction solutions into the Diamond Platform.
The seamless integration into the Diamond Platform will provide Insuresoft’s clients access to IAA’s Vehicle Standard Assignment and auction sales services for salvage vehicles. Diamond claims users will be able to assign claim vehicles directly to IAA, increasing the speed to receive auction recovery funds, and close the claim faster.
“We are pleased to be integrating the IAA solution with Insuresoft’s exceptional digital insurance platform,” said Brian Hildreth, Vice President of Product Management and Client Solutions for IAA. “This integration will bring tremendous value to Diamond users, sending real time updates throughout the entire salvage lifecycle and we are looking forward to working with the Insuresoft team.”
“Our clients need speed and efficiency when processing claims and having complete visibility into the status of their salvaged vehicles through IAA’s solution, will streamline this process,” said Chris Blair, Vice President of Product Management at Insuresoft. “We are thrilled to provide Diamond users complete visibility into the salvaged vehicle’s current auction processing status and access to claim vehicle documentation through IAA’s solution and partnership.”
About Insurance Auto Auctions, Inc.
Insurance Auto Auctions is the leading multi-channel salvage vehicle auction company and a business unit of KAR Auction Services (NYSE: KAR). Headquartered in Westchester, Illinois, IAA has over 180 auction facilities throughout North America offering towing, financing and titling services. With the most auction facilities in North America, IAA provides registered buyers from around the globe with millions of opportunities to bid on and purchase vehicles. Since 1982, IAA has sold millions of vehicles through its weekly auctions for insurance companies, fleet and rental companies, financing companies, charity organizations and the general public. With a talented team of over 2,800 employees, IAA is committed to providing customers with the highest level of services in the salvage auto industry. Go to www.IAA-Auctions.com to learn more, and follow IAA on Facebook, Twitter, Instagram and LinkedIn.
Insuresoft is a Microsoft Gold Certified software developer serving the property/casualty insurance industry. Insuresoft offers a fully integrated policy, billing, and claims-processing platform. Insuresoft’s Diamond Enterprise Insurance Platform is in production in over 40 insurance companies and MGAs across all 50 states, processing $3B in personal and commercial lines premiums annually. The platform is scalable, configurable, and cost-effective. For more information, visit www.insuresoft.com, email email@example.com, or call 866-299-1314.