SEATTLE, Nov. 5, 2007 (PRIME NEWSWIRE) -- N2uitive(tm), a recorded statement management solution provider, announced today at the 2007 NASP Convention in New Orleans, LA, a strategic alliance with Full Capture Solutions, Inc., a leading provider of predictive analytic technologies to the insurance industry.
N2uitive's Digital Statement Service(sm) simplifies the recording, retrieval, and transcription of claims interviews. Instead of the traditional process of capturing a claims interview using a cassette recorder -- which requires several manual steps to record, file, store, and when needed, retrieve tapes for transcription -- property and casualty insurers have one, easy to use, web-based digital solution. This service not only alleviates the costs and inefficiencies associated with cassette recordings and handling, but enables them to understand their entire claims interview lifecycle.
"By partnering with Full Capture we enable our clients to not only digitally capture and manage their claims interview statements, but to apply predictive analytics to the claims data they have collected," said Joel Gendelman, CEO of N2uitive. "This gives them the unprecedented ability to know what is happening in their claims interview process and take actions that result in reduced expenses, increased claims accuracy, and better claim results."
The alliance between N2uitive and Full Capture streamlines the entire recorded statement lifecycle, and creates a platform from which companies can accrue more value around better investigations, quality assurance, and predictive analytics.
"Partnering with N2uitive enables us to offer our customers a robust solution that provides two immediate benefits. First, it provides a more cost-effective way to acquire and retain recorded statements. Second, and more important, the process creates a new dimension of digitized unstructured data. This expands Full Capture's unique application of unstructured data semantic technologies to maximize the value of recorded statement content in addition to claim adjuster notes content," said Stephen Holcomb, founder, president, and CEO of Full Capture Solutions. "The more unstructured data that can be digitized enables our technology to be applied on a broader scale, which provides even better actionable decision-making information to claim executives."
About N2uitive
N2uitive provides the property and casualty claims insurance market a recorded statement management solution that simplifies the recording, retrieval, and transcription of claims interviews. Powered by an intuitive software platform, this web-based service provides the unprecedented ability to not only digitally capture and manage claims interviews, but also understand the data collected throughout the claims interview lifecycle. This translates into reduced expenses, increased claims accuracy, and better claim results. N2uitive customers range from the largest corporations to the smallest branch offices. For more information, visit www.n2uitive.com.
About Full Capture
Full Capture Solutions, Inc. develops and provides analytic-based technology and applications tailored for the insurance industry. One of the keys to the company's value proposition is its unique patented ability to apply semantic technologies to unstructured data in a meaningful manner. Full Capture Solutions, Inc. is a privately-held, venture-backed corporation headquartered in Connecticut, with a technology hub office in Northern California. For more information about Full Capture Solutions, visit www.fullcapture.com