IKE
18/11/2015 09:12
GENERAL
NOT PRICE SENSITIVE
REL: 0912 HRS ikeGPS Group Limited (NS)
GENERAL: IKE: Spike Enters the U.S. Insurance Market
Spike Enters the U.S. Insurance Market
ikeGPS announces product integration with Spex' property inspection solution
BROOMFIELD, Colo.--ikeGPS (NZX: IKE) and Spex announce a new software
integration for the insurance industry that combines Spike, ikeGPS' smart
laser measurement solution, with property inspection platform Spex. The
integrated solution produces a modern, mobile-first inspection platform,
enabling adjusters and contractors to speed up cycle times to improve
productivity, reduce loss adjustment expenses and increase customer
satisfaction.
The Spike device and associated cloud-based software have quickly become a
market standard across the U.S. signage market. Insurance carriers in the
U.S. also have a very large measurement problem. It is estimated that
insurers spend more than $15 billion annually on property claim handing and
an estimated $4 billion a year in claims technology. There are approximately
311,000 insurance professionals in the U.S. who process more than 10 million
property claims a year.
This new Spike and Spex mobile application integration represents ikeGPS'
entry into the insurance industry. It also represents the first commercial
availability of Spike's application programming interface, or API--a new
feature that enables the Spike platform to integrate into other
industry-specific software products.
"Since introducing Spike, it's been adopted by real estate appraisers and
residential construction contractors for property inspection, and the natural
next step for industry adoption is the insurance market," says Jeff Ross,
chief marketing officer of ikeGPS. "Today, we are engaged directly with some
of the largest insurance companies in the country, and we're so pleased to
now also partner with Spex, a company that values a mobile-first approach to
enhancing the insurance claims process."
Spex founders are insurance veterans who saw the need for better field
solutions following the aftermath of Hurricane Sandy. The recently released
Spex 3 platform streamlines data input from the field and offers adjusters
transparent documentation of the process. This helps adjusters avoid the
delays, inadequate data and missing information that often come during the
claims process. A central Web dashboard houses all information, which users
can access when the device is online.
"Spex presents the most comprehensive package of features we have found in
the marketplace," says Rod Warner, general manager at Family Mutual Insurance
Company, "In our judgement, it is the best property inspection platform out
there."
Spex is the first ikeGPS partner to utilize Spike's new API in order to
integrate Spike's photo measurement capabilities into the Spex solution. When
a claims adjuster uses Spex in the field and needs to capture measurements of
a residential property, the adjuster can easily capture a photo of the
property using Spike, take the necessary measurements, and then save the
Spike photo and data within the Spex app. The photo and measurements can then
be added to the report or remeasured for additional estimates.
"With this integration, our Spex users can utilize Spike to address the often
arduous task of physically measuring homes and structures," says Brett
Goldberg, CEO of Spex. "This is the perfect solution for the modern adjuster
who wants to leverage cutting-edge technology to streamline their claims and
work more efficiently. Using Spike will expand our users' capabilities in
ways that weren't once possible."
For more information about Spex's new integration with Spike, visit
https://spexapp.com/v3/.
###
About ikeGPS
ikeGPS is changing the way the world is measured, utilizing its smart laser
measurement solutions to capture, record and export measurement data.
Electric utility, telecom, government, engineering, construction, real
estate, signage, and other field data collection-based professionals use
ikeGPS products to modernize the way measurements are taken and shared.
Spike, a laser accurate Smartphone measurement solution, and GE MapSight, an
all-in-one customizable field data collection solution, uniquely combine
intelligent software and hardware into comprehensive but simple-to-use tools.
With an ike photograph, you can capture measurement, distance, location and
other data in real time, significantly improving business process, user
productivity and safety.
ikeGPS is headquartered in Wellington, New Zealand and is listed on the New
Zealand Stock Exchange under the stock symbol IKE. The company's sales and
marketing organization is based in Broomfield, Colorado, which supports
global efforts in the Americas, EMEA, and APAC. For more information, visit
http://www.ikegps.com.
GE is a trademark of General Electric Company and is under license by ikeGPS
Ltd, 42 Adelaide Road, Wellington 6021, New Zealand.
About Spex
After spending a combined total of more than 25 years working for some of the
largest insurance companies and contracting firms in the country, the
founders of Spex came to a sobering conclusion: the property inspection
process was stressful, complicated and downright miserable for each and every
party involved. Determined to turn this negative experience into a positive
and effective one, the Spex team set out to create a property inspection
platform that would revolutionize the industry. With Spex, businesses can
demonstrate that they are serious about customer service, professionalism and
quality inspection documentation. Follow Spex on Facebook and Twitter and to
learn more, visit http://spexapp.com/.
Contact
Glenn Milnes, CEO
ikeGPS Limited
+1 720-418-1936
[email protected]
End CA:00273622 For:IKE Type:GENERAL Time:2015-11-18 09:12:15
