Sedgwick snaps up G&E Enterprises

Sedgwick | January 16, 2020

Sedgwick has acquired G&E Enterprises, the developer of a software-as-a-service offering called T&M Pro. T&M Pro is a billing and data management system designed for insurance restoration contracting. It does this by measuring the exact usage of all components of a job – time, material, and rate – to provide an accurate cost of a claim. It also provides daily real-time representation of what is happening on the job site. The software also streamlines payments to insurance restoration contractors and gives carriers more visibility into the details of claims. When both carriers and contractors integrate T&M Pro into their processes, they can benefit from greater transparency of restoration costs, thanks to the platform’s real-time sharing and detailed expense invoices on commercial losses, a release said.

Spotlight

Innovation through new technologies is a key driver of change in the financial sector and this has led to immeasurable efficiency gains, even though these changes can initially be accompanied by uncertainty and doubt. The insurance sector is no exception to such developments, with possibilities of new methods of service provision as well as greater opportunities for data collection and fraud detection that can lead to better risk identification and mitigation measures, which are being referred to as “InsurTech”.

Spotlight

Innovation through new technologies is a key driver of change in the financial sector and this has led to immeasurable efficiency gains, even though these changes can initially be accompanied by uncertainty and doubt. The insurance sector is no exception to such developments, with possibilities of new methods of service provision as well as greater opportunities for data collection and fraud detection that can lead to better risk identification and mitigation measures, which are being referred to as “InsurTech”.

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