ButFor provides automated software solutions designed to streamline the complex process of business interruption claims. The platform accurately calculates lost income by analyzing financial data and policy requirements. This automation helps businesses efficiently maximize their recoverable indemnity under insurance policies.
Funding
Funding not disclosed
Founders
Product
Problem
Preparing business interruption claims is a complex, manual process, often involving numerous calculations and data sources. This can lead to inaccuracies, delays, and discrepancies between parties.
Solution
ButFor is an InsurTech platform that automates the preparation of business interruption claims using machine learning and centralized data management. The platform eliminates the need for manual calculations and reduces discrepancies, enabling businesses to generate accurate claims reports quickly. ButFor simplifies complex claims by helping consultants create and manage multiple client claims in one place. It also assists insurance companies in managing and validating claim filings across multiple accounts.
Target Audience
ButFor serves enterprises preparing business interruption insurance claims internally, insurance companies managing and validating claim filings, claim consultants automating the claims process for clients, insurance brokerages seeking claims management software, and law firms managing and processing claims for clients.
Features
- Automated file transfers and retrieval, eliminating insecure email transfers
- Machine learning to minimize human error in data review and calculations
- Ability to run multiple claim scenarios to identify the best possible outcome
- Centralized claim data and custom approval chains to automate the submission process
- Secure data storage on ButFor's servers, preventing data loss from insecure locations