Pact™ is focussed on re-invigorating the way the insurance industry interacts with its customers with 21st century thinking and technologies. With an executive team with insurance, marketing and technology experience at the highest level we aim to bring the most up to date technology solutions to an industry that dates back to 600 BC.
Available for all types of insurance, Pact™ is delivering a worldwide scalable claims platform using the most up to date technologies. Pact™ verifies policy holders through both National and International databases performing state-of-the-art Know Your Customer (KYC) checks and claim verification processes that considers people’s claims history. We use databases with over 240 million records, adding 150,000 records per month of claims information. Other databases used handle train, flight and airport status information with more than 52 million records of train and flight status updates per year.
This platform sits on top of a fully compliant, bank grade settlements platform that can settle claims in 26 currencies with state of the art security, delivering a new age of claims monitoring and reporting. Pact™ is reinventing the insurance customer claims experience with the advantages of a cloud-based digital service.
Pact™ is providing a new way to gather all necessary claims information without the costs and delays of traditional processing, whilst simultaneously increasing the security and reliability surrounding the successful payments of claims, streamlining the process and the costs for what in 2016 was 11.7 million claims in the UK alone.