Liberate Innovations Inc. Closes $7 Million in Funding and Launches P&C Insurance Platform to Automate Claims and Underwriting
Summary
The $7 million seed round was led by Eclipse.The P&C insurance industry is facing significant financial and talent challenges. Power.P&C insurers need a new way to modernize quickly and cost- effectively to offer a better customer and employee experience and increase profitability traditional approaches to modernization like upgrading core systems take too long, cost too much, and have questionable ROI, said Amrish Singh, Founder and Chief Executive Officer of Liberate. Their approach involves modernizing via smaller, incremental steps at a more rapid pace to offer better customer and employee experiences and quicker return on investment.The end-to-end platform provides insurers a one-stop shop for building user-friendly front-end experiences for their end customers and seamlessly stitching together core systems and insurance solution vendors to automate complex business processes. Liberates technology allows P&C insurers to transform their operations at a radically faster pace, enabling them to operate more efficiently and quickly capitalize on the benefits of digital transformation, such as lower costs and improved experiences for both their end customers and employees, said Aidan Madigan-Curtis, Partner at Eclipse.About Liberate Innovations Inc Liberate Innovations Inc. is a software-as-a-service (SaaS) platform for the P&C insurance industry to fully automate claims and underwriting journeys enabling P&C insurers to deliver an exceptional customer experience at the industrys lowest cost. Insurers use the cloud-based low-code platform to build digital self-serve experiences and orchestrate an ecosystem of solutions providers and core systems to automate complex business processes.