Cincinnati Insurance Company Selects Audatex as Its Exclusive Provider of Auto Physical Damage Estimating Software
SAN DIEGO, CA — January 7, 2008 — Solera Holdings, Inc. (NYSE: SLH), the leading global provider of software and services for the automobile insurance claims processing industry, today announced that its U.S. subsidiary, Audatex, has been selected by The Cincinnati Insurance Company as its exclusive supplier of automobile physical damage estimating software. Cincinnati Insurance has deployed Audatex Estimating™ and Audatex Audit™ products to its more than 735 field claims associates.
The investment in Audatex’s technology has enabled Cincinnati Insurance to transition from a predominantly manual estimating process to a fully automated solution that streamlines estimating and audit procedures, yet provides for the high level of customer service for which the insurer is known.
“The Cincinnati Insurance Company has implemented claims estimating technologies to enhance our core value; providing superior claims service,” said Vice President Charles (Bud) Stoneburner of The Cincinnati Insurance Company. “After conducting an extensive review of the available automotive estimating technologies, we selected Audatex as it proved to be the solution that best serves our policyholders.”
“We are very excited about our relationship with Cincinnati Insurance,” said Tony Aquila, founder, chairman, and CEO of Solera Holdings, Inc. “Audatex is committed to providing valuable clients, like Cincinnati Insurance, with products and service that allow them to achieve their long-term strategic and growth objectives. We are dedicated to developing solutions and value-added services that deliver and support the business needs of our clients, both today and in the future.”
About Solera
Solera is the leading global provider of software and services to the automobile insurance claims processing industry. Solera is active in over 50 countries across six continents. The Solera companies include Audatex in the United States, Canada, and in more than 45 additional countries, Informex in Belgium, Sidexa in France, ABZ in The Netherlands, Hollander serving the North American recycling market, and IMS providing medical review services. For more information, please refer to the company's website at http://www.solerainc.com.