Primary focus product area whilst in the Accelerator: Improving policy and claims admin I Improving Claims Process.
FPD acquired Bridgewater Group after an introduction made by the company’s mentors at Atrium. FPD also gained valuable knowledge around the data needs of Lloyd’s Managing Agents and Coverholders, which it has used to tailor its solutions.
Following its involvement in the Accelerator, FPD was used by Atrium Underwriters, whose employees explained that their virtual adjusting service paired with the tool has been used to improve turnaround times for their clients and reduce the cost on insurers when handling claims. The Lab also helped the development of AI Inspection, a product that automates data collection and interpretation for both loss control and claims.