About Xactimate
Xactimate is a data analytics software from Verisk that supports the insurance industry. It combines data-driven risk modeling, underwriting and rating, and claims processing so insurers can make informed decisions. The platform provides tools for life solutions, allowing insurers to effectively manage and analyze complex data sets. Xactimate's capabilities include accurate cost estimation - detailed reporting - comprehensive data integration - real-time analytics - reliable support for life and property insurance domains. Best for: insurance professionals that need precise data analytics for underwriting and claims management.
Xactimate stands as a titan in the realm of property claims estimation software, a comprehensive tool developed by Verisk that aims to streamline and enhance the process of generating accurate and detailed estimates for property repairs and reconstruction. Its primary function is to empower insurance adjusters, contractors, and restoration professionals with the means to efficiently assess and quantify damages, thereby facilitating smoother claims processing and project management. The software's core strength lies in its ability to provide precise pricing data for over 460 distinct geographic regions, ensuring that estimates are not only detailed but also reflective of current market costs. This level of accuracy is crucial in the insurance industry, where discrepancies in estimates can lead to disputes and delays. Moreover, Xactimate incorporates advanced sketching tools, such as Sketch AR, which allows users to leverage their mobile devices to create intricate diagrams of structures, significantly reducing the time required for on-site measurements.
Pros & Cons
- +Cloud syncing allows seamless coordination across multiple platforms (tablet, desktop, phone).
- +Industry-standard software with comprehensive insurance pricing data.
- +Efficient for writing estimates and generating detailed floor plans.
- +Provides itemized scope down to the trade level with valuable reporting features.
- +Customer service is responsive and helpful when needed.
- −The software is expensive, with additional costs for certain features and usage.
- −Steep learning curve; can be difficult to train new employees.
- −Only available on Windows; Mac users need additional software or a separate device.
- −Slow performance at times, affecting workflow efficiency.
- −Lacks built-in profit margins, which can lead to pricing disputes with insurance carriers.
Features
Key features
- 1. Precise Property Claims Estimating – Generates accurate estimates for property damage restoration
- 2. Multi-Platform Accessibility – Available on desktop, mobile, and online
- 3. Automated Price Database – Covers over 460 geographic regions for real-time cost estimates
- 4. Sketch AR for 3D Modeling – Allows users to create room layouts and measurements easily
- 5. Real-Time Quality Control – Ensures compliance with estimating guidelines via XactXpert
Additional features
- 1. Estimate Generation – Detailed breakdown of repair costs
- 2. Cloud-Synced Data – Access estimates anywhere
- 3. Advanced Reporting Tools – Generate reports for analysis
- 4. AI-Driven Self-Service Reporting – Uses XactInsights for fast data insights
- 5. Contents Estimating – XactContents speeds up personal property claims
- 6. Integration with Verisk Ecosystem – Works with XactAnalysis, ClaimXperience, and more
- 7. Job Cost Tracking – Streamlines project cost tracking with Xactimate Time & Materials
- 8. Claims Collaboration – Enhances teamwork between adjusters and policyholders
Pricing
Countries & Languages
Available in
Interface languages
Billing currencies
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About Xactimate
Xactimate is a data analytics software from Verisk that supports the insurance industry. It combines data-driven risk modeling, underwriting and rating, and claims processing so insurers can make informed decisions. The platform provides tools for life solutions, allowing insurers to effectively manage and analyze complex data sets. Xactimate's capabilities include accurate cost estimation - detailed reporting - comprehensive data integration - real-time analytics - reliable support for life and property insurance domains. Best for: insurance professionals that need precise data analytics for underwriting and claims management.
Xactimate Details
Xactimate's In-App Market Place
Does Xactimate have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
Mini Apps
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD (A$), CAD (C$), JPY (¥), CHF (CHF), INR (₹), CNY (¥), BRL (R$), RUB (₽), MXN (MXN$), NZD (NZ$), HKD (HK$), SEK (SEK), KRW (₩), SGD (S$)
Pros & Cons
- Cloud syncing allows seamless coordination across multiple platforms (tablet, desktop, phone).
- Industry-standard software with comprehensive insurance pricing data.
- Efficient for writing estimates and generating detailed floor plans.
- Provides itemized scope down to the trade level with valuable reporting features.
- Customer service is responsive and helpful when needed.
- The software is expensive, with additional costs for certain features and usage.
- Steep learning curve; can be difficult to train new employees.
- Only available on Windows; Mac users need additional software or a separate device.
- Slow performance at times, affecting workflow efficiency.
- Lacks built-in profit margins, which can lead to pricing disputes with insurance carriers.
Xactimate's Support Options
Email Address
info@verisk.comContact
1-800-710-9228Xactimate's Alternatives
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